For example, the elevators only stops and can be accessed on 5th to 10th floor. Keep up the great work! Get my posts via e-mail:
Understanding the Common Area Factor: Rentable vs Useable Square Feet
Comparing Various Buildings When you are out evaluating space options it building mechanical important to note that most buildings have different common area factors and floor plate dimensions or shape can impact the space plan and the required rule of useable square footage. Your tenant representative should verify that the common area factor represented by the landlord approaches reality. One more point worth mentioning is that, in recent years, common area factors have been inflated to become little more than additional profit opportunities for landlords. You mention common area factor, would i be right in thinking that it can vary considerably by building. Similarly, a full- or multi-floor tenant space multiply its full-floor usable by the building common factor because thumb the extra shared amenities and lobby space.
Thomas, yes you are correct it does vary from building to building and its but its not always the number of floors but the design or size of the common areas. A single story building will have a lower add-on or common area factor than a multi story building. Colliers neither endorses, sponsors nor necessary shares the opinions of the author, regardless of whether any blog is posted by any employee, officer, agent, or representative of Colliers.