Question: What Is Common Area Factor?

How is Ru factor calculated?

R/U Ratio = Rentable Area / Useable Area These terms include: Load Factor.

Add-on Factor.

Gross-up Factor..

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.

What is meant by usable vs rentable space?

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.

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.

What is loss factor in electricity?

Load-loss factor (LLF) is a factor which when multiplied by energy lost at time of peak and the number of load periods will give overall average energy lost. It is calculated as the ratio of the average load loss to the peak load loss. For electricity utilities, expect about 0.03.

What is a scale factor 7th grade math?

VOCABULARY. ● Scale Factor: The ratio of any two corresponding lengths in two similar. geometric figures. ● Corresponding Angles: Angles in matching locations of two shapes.

How do you find the scale factor of an area?

The area of a scaled object will be equal to the scale factor squared. Again, if the scale factor is three, the area of the new object will be nine times, or three squared, the area of the original object. Finally, the volume of a scaled object will be equal to the scale factor cubed.

What is an area factor?

The common area factor is a number which refers to shared spaces on a single floor, and within a building in its entirety. … Typically when you are quoted a common area factor by the landlord or the building’s leasing agent it includes the sum of the floor common area factor and the buildings common area factor.

How is leasable area calculated?

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. The external wall can be a shopfront, a window display, or just a flat wall. Regardless, it is included in the gross leasable area.

How do you calculate building load factor?

The building’s loss or load factor is equal to the common area divided by the usable area: 1450 divided by 8,300. This gives a load factor of 17.47%. This means that a tenant would pay their actual usable space plus 17.47%.

What is loss factor in damping?

Loss factor or specific damping factor is defined as the energy dissipated per radian to the peak potential energy is the cycle. This is a very useful method to compare the damping capacity of different materials. It has to be pointed out that this method is used for materials with very light damping.

What is a scale factor of 2?

The size of an enlargement/reduction is described by its scale factor. For example, a scale factor of 2 means that the new shape is twice the size of the original. … You can get the ‘big’ and ‘small’ from the corresponding sides on the figures.

How do you find the common area factor?

This number is based on the percentage of common areas found in the building. If a building has a total square footage of 100,000, with 85,000 usable square feet (which is to say 15,000 square feet of common areas), the load factor would equal to the rentable square feet divided by the usable square feet, or 1.15.

What is BOMA measurement?

Standard Method for Measuring Floor Area in Office Buildings (ANSI Z65. 1-1980) The BOMA 1980 office standard is still used in some markets for determining usable and rentable areas in commercial office buildings. The BOMA 1980 Standard measures buildings on a floor-by-floor basis.

What are common areas of a building?

Building Common Areas means those areas within the Building that are provided for the common use of all Building tenants, occupants and invitees, such as, without limitation, accessways, lobbies, common conference and break rooms, corridors, fire vestibules, elevators (if any), foyers, restrooms, janitor’s closets, and …

What is an add on factor in real estate?

The add-on factor is the amount of usable square feet in a commercial property divided by the number of rentable square feet. … In commercial real estate, the lease cost is calculated based on rentable area with an add-on factor tacked on for the use of common spaces.

What is circulation factor?

The Circulation. Factor is the percentage of Usable Area that makes up the Circulation Area.

How do you calculate rentable square footage?

They base this number on the percentage of common areas in the building. Once you have the load factor, it’s time to determine the rentable square feet that you’ll contribute to. That equation looks like this: Tenant Usable Square Feet x Load Factor = Tenant Rentable Square Feet.