WebFor example, if an office building has 200,000 square feet of useable square and a total rentable area of 220,000 square feet then the building has a load factor of 10.0% (220,000 rentable square feet divided by 200,000 usable square feet less one). This is an important metric as rental rates can be quoted on a per rentable square foot basis. WebLoad Factor = total area / usable area Where total area comprises of usable area + common area (lifts, stairs etc) 1. A tenant's Load Factor equals 0 when there are no common areas in any parts of the building – Since total area cannot be 0 hence loc … View the full answer Previous question Next question
What is Commercial Real Estate Loss Factor? - SquareFoot Blog
WebNov 1, 2024 · Loading factor can be defined as the area which includes the proportionate share of the common area for a flat which is determined by applying a multiplier to the … WebThe BOMA International Floor Measurement Standards Committee has approved these interpretations of its standards to provide additional best practice guidance to what is … chron greek root example
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WebApr 16, 2024 · The load factor of a building is simply the percentage difference between the rentable and usable space. When the building is leased to a single, this calculation is very easy to make. If there are multiple tenants sharing the building, then the load factor is calculated based on their respective shares of rentable space. WebBuilding common area is comprised of building lobbies, mechanical penthouses and other building amenities. These areas are proportionately shared by all of the tenants in the building resulting in a more equitable distribution of common area in general. WebJul 27, 2024 · Common area factors usually consist of 10% - 20% of the total rentable square footage (we’ll get to what that means soon), but that can vary depending on the … chronia build