- What is rentable sqft?
- What is a core factor?
- How is leasable area calculated?
- How do you calculate load factor percentage?
- How do you calculate efficiency in real estate?
- What is a load factor construction?
- How do you calculate core factor?
- How do you calculate rentable square footage?
- What is circulation factor?
- What is core factor in commercial real estate?
- How is loss factor calculated?
- How do you find the common area factor?
- What is load factor in commercial leasing?
What is rentable sqft?
Rentable square feet is defined as the usable square feet plus a portion of the building’s common space.
Common spaces are areas usable by all tenants in the building and include, but are not limited to, hallways, lobbies, public restrooms and fitness facilities..
What is a core factor?
Main definition. Core Factor. The percentage of common areas in a building (rest rooms, hallways) that, when added to the net usable square footage equals the net rentable square footage. May be computed for a building or floor of a building.
How is leasable area calculated?
If the building is leased to a single tenant, then the gross leasable area is equal to the gross floor area. … To get the gross leasable area for one tenant, you would measure from the center of the common wall (shared with another tenant) to the outside face of the external wall.
How do you calculate load factor percentage?
The load factor percentage is derived by dividing the total kilowatt-hours (kWh) consumed in a designated period by the product of the maximum demand in kilowatts (kW) and the number of hours in the period.
How do you calculate efficiency in real estate?
the proportion of a building’s area that is leasable space. Example: An office building contains 200,000 square feet of space. Of this amount, 10,000 square feet are taken up by elevators and other physical plant equipment.
What is a load factor construction?
In short, the load factor is the percentage of space on a floor or building that is not usable and is expressed using the simple formula of rentable area divided by useable area minus one. …
How do you calculate core factor?
The core factor can be calculated by dividing the rentable square footage by the usable square footage. It is imperative that we, as Tenant Rep’s educate our clients on understanding this number in order to allocate costs and compare different options.
How do you calculate rentable square footage?
What you pay for then-your rent–is the rentable square footage times the lease rate per square foot. To calculate rentable square footage for a smaller (less than full-floor) tenant, first multiply the usable square footage by the floor common factor, then multiply that result by the building common factor.
What is circulation factor?
The Circulation. Factor is the percentage of Usable Area that makes up the Circulation Area.
What is core factor in commercial real estate?
Generally expressed as a percentage of the difference between the Usable and the Rentable Area of the building. This core factor is sometimes referred to as the Load Factor and can be expressed as a multiplier 1.15 or a percentage 15%.
How is loss factor calculated?
Mathematically, loss factor equals “the percentage difference between rentable area and usable area.” In other words, you can calculate loss factor by dividing the difference between the Rentable Square Footage (RSF) and the Usable Square Footage (USF) by the RSF.
How do you find the common area factor?
In order to derive the Load Factor using the Rentable and Useable Areas, the formula is:Load Factor = (Rentable Area / Useable Area) – 1.Rentable Area = Useable Area x (1+ Load Factor)Useable Area = Rentable Area / (1+ Load Factor)Loss Factor = (Rentable Area – Useable Area) / Rentable Area.More items…•
What is load factor in commercial leasing?
A load factor, also known as a loss factor, is a metric that compares the amount of space a tenant pays for in a commercial lease versus the amount of space they actually use. The load factor or a commercial lease is calculated with the formula below: Rentable Square Feet/Usable Square Feet = Load Factor.