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Real Estate Square Footage Quiz

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Real Estate Square Footage Quiz

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Understanding usable vs rentable space

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HEATHER
HEATHER
United States

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Real Estate Square Footage Quiz
 

Real Estate Square Footage QuizOnline version

Understanding usable vs rentable space

by HEATHER
1

Useable square footage generally refers to:

2

Rentable square footage usually includes:

3

Carpetable square footage most closely means:

4

Which of the following is a common area?

5

An add-on factor is used to convert:

6

A tenant has 2,000 useable square feet with a 15% add-on factor. Rentable area is:

7

Why do tenants care about useable square footage?

8

Why do landlords often charge based on rentable area?

9

Two buildings offer same useable area, but one has higher load factor. This usually means:

10

If rent is $30 per rentable square foot and rentable area is 3,000 SF, annual rent is:

Feedback

Useable area is the tenant’s private occupiable space.

Rentable area includes a pro-rated share of common areas.

Carpetable area is interior floor area suitable for carpeting.

Hallways serving multiple occupants are common areas.

Add-on factors allocate common areas to tenants.

2,000 × 1.15 = 2,300 rentable SF.

It indicates the space the tenant can actually use.

Rentable area helps allocate costs of common areas.

Higher load factor increases rentable area and costs.

3,000 × $30 = $90,000 annually.

 
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