Real Estate Square Footage Quiz

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Understanding usable vs rentable space

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HEATHER

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Real Estate Square Footage Quiz


Real Estate Square Footage QuizVersión en línea Understanding usable vs rentable space por HEATHER 1 Useable square footage generally refers to: a D. Roof surface area b A. Shared lobby space c B. Space a tenant can exclusively occupy and use d C. Parking lot area 2 Rentable square footage usually includes: a C. Exterior landscaping only b D. Roof mechanical area only c B. Useable area plus share of common areas d A. Only private offices 3 Carpetable square footage most closely means: a B. Floor area that could physically be carpeted b D. Rent collected annually c A. Entire parcel size d C. Parking ratio 4 Which of the following is a common area? a A. Private executive office b B. Shared hallway c D. Exclusive conference room inside suite d C. Tenant storage closet 5 An add-on factor is used to convert: a B. Useable area to rentable area b C. Debt to equity c D. Rent to taxes d A. NOI to value 6 A tenant has 2,000 useable square feet with a 15% add-on factor. Rentable area is: a C. 2,300 b B. 2,150 c D. 2,500 d A. 2,000 7 Why do tenants care about useable square footage? a C. It replaces leases b B. It reflects actual functional space they control c D. It guarantees lower rent d A. It affects building taxes only 8 Why do landlords often charge based on rentable area? a D. To reduce square footage b C. To avoid maintenance forever c A. To ignore common spaces d B. To recover costs of shared building areas 9 Two buildings offer same useable area, but one has higher load factor. This usually means: a A. Lower rentable area b D. No CAM charges ever c C. Guaranteed lower rent d B. Higher occupancy cost potential 10 If rent is $30 per rentable square foot and rentable area is 3,000 SF, annual rent is: a B. $60,000 b C. $75,000 c D. $90,000 d A. $30,000 Feedback 1 Useable area is the tenant’s private occupiable space. 2 Rentable area includes a pro-rated share of common areas. 3 Carpetable area is interior floor area suitable for carpeting. 4 Hallways serving multiple occupants are common areas. 5 Add-on factors allocate common areas to tenants. 6 2,000 × 1.15 = 2,300 rentable SF. 7 It indicates the space the tenant can actually use. 8 Rentable area helps allocate costs of common areas. 9 Higher load factor increases rentable area and costs. 10 3,000 × $30 = $90,000 annually.

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Real Estate Square Footage Quiz

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Real Estate Square Footage QuizVersión en línea

por HEATHER

Useable square footage generally refers to:

Rentable square footage usually includes:

Carpetable square footage most closely means:

Which of the following is a common area?

An add-on factor is used to convert:

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

Why do tenants care about useable square footage?

Why do landlords often charge based on rentable area?

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

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

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