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The runners seem to mention the space as both useful and profitable square footage. What is the difference between profitable and useful square meters, and how they are calculated?

The space that a tenant can actually use is called "usable" or sometimes "folders", in square feet. This can be very important for tenants in the arrangement of your furniture, but it is the critical component in the calculation of rent. The rent in most leases incorporates both the useful square meters, plus the tenant's share of the common areas of the building. The sum of these two is known as the square footage cost. The difference between profitable square meters and can be used in a building commonly known as the loss or load factor. As an example, by measuring determined that 15% of a building devoted to common areas, such as hallways, corridors and toilets, this will be the loss factor for each contract lease in the building.

The measurement and calculation of these figures is not an exact science, and a series of standards have been established to ensure objectivity on the market. The most important standards used in the New York metropolitan area and Long Island are: BOMA (Building Owners and Managers Association), REBNY (Real Estate Board of New York) and AIA (American Institute of Architects). Each has slightly different method on how to measure the common areas and perimeter walls.

If you are a tenant, you should be aware that owners are often deliberately vague on the measurement of loss factor to the point that sometimes only becomes another element of negotiation, such as rent or workletter. From a standpoint of space utilization, it is essential that the tenant knows that the footage square will be useful enough for your needs. And in our experience, this guarantee is only possible with the preparation of a tenant space plan showing the exact location of each piece of furniture or equipment.

That people are frequently quoted in rentable square feet for a broker or owner. The approximation of meters usable square can be calculated by multiplying the square footage cost for the loss factor, and subtracting the result of profitable square footage. For example, if the owner cites the size of a 5,000 square foot suite "profitable", with 15% loss factor, first you would multiply 5000 times 15% to calculate the "loss" of 750 square meters. Subtracting 750 from 5000 would give a useful approximate size of 4,250 square feet.

It is very important for a Tenant address this issue before a lease is signed, because there is usually little or no recourse after the execution of the lease. Most contracts have no direct estimates of square feet of any useful or profitable, and if a cost figure is almost always modified by the word "approximate". Corresponds to a tenant, therefore, first determine that the bathroom in question is suitable for the proposed use through a spatial plan, and secondly, to have some reasonable assurance that the loss factor represented by the owner approaches reality.

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