If you continue to see this message, your account may be locked due to too many failed attempts. The username or password you entered is incorrect. Registered Representatives and Investment Advisor Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Not all of services referenced on this site are available in every state and through every representative listed. Please contact Customer Support at 1-800-613-1303. We apologize, but the feature you are trying to access is currently unavailable. If the building has 15,000 of common areas, then the tenant’s rentable area is 11,050 square feet (10,000 useable square feet plus 7% of the 15,000 square foot common area). Each tenant pays their pro-rata share of leasing the common areas in addition to their USF. Rentable Square Footage (RSF) The rentable square footage comprises of the usable square footage plus a fraction of the building’s shared space. So, if you have a 1,000 square-foot space that rents for $8 per square foot per year and the NNN fee is $4 per square foot per year, your commercial rent with a NNN lease would be: 1,000 sq. That email address has already been registered. Alternative investments are often sold by prospectus that discloses all risks, fees, and expenses. ft. per year + $4 NNN/sq. Usable square feet includes only the area of the space to the perimeter of the walls – think of it … ft. x ($8/sq. However, with commercial office buildings you receive (and pay for) more than just your suite.The actual office space you occupy is called the Usable Square Feet, or USF. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. As an example calculation, if a tenant’s useable square footage is 10,000 square feet which accounts for 7% of all useable square footage in … That means the building has a common area factor of 15%.If you occupy 20,000 USF, you would pay rent on that plus 15% (common area factor) to equal 23,000 RSF.An office building floorplan with common areas occupying 15% (hallways, restrooms, lobby, stairwell, and so forth), leaving 85% leasable space, may look similar to this:In the same example, if your rent is $20.00 per RSF per year, because you are leasingThe LoopNet service and information provided therein, while believed to be accurate, are provided "as is". Please try again. Please try another or click You must register your contact information to view secure information on this listing. Rentable Square Feet (RSF) ÷ Usable Square Feet (RSF – Common Area SF) = Load Factor Example For example, commercial property has a total square footage of … All tenants in the building share use of the common areas like hallways, stairwells, lobbies, restrooms, etc. The value of the investment may fall as well as rise and investors may get back less than they invested.This site is published for residents of the United States who are accredited investors only. The shared space constitutes the common areas of the building, including restrooms, shared hallways, elevators, stairwells, and … That means the building has a common area factor of 15%. You must register your contact information to view secure information on this listing.
Equity securities offered on this website are offered exclusively through Thornhill Securities, Inc., a registered broker/dealer and member of Hypothetical example(s) are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment.Investing in alternative assets involves higher risks than traditional investments and is suitable only for sophisticated investors. This is how the Rentable Square Feet (RSF) is determined.Let's assume a building is 100,000 square feet in size and the common area that can be used by all building tenants is 15,000 square feet of the total square footage. Once the load factor is calculated, you can multiply it by the total space you plan to occupy to figure out your total rentable space. Rentable square feet is a real estate term, usually used for commercial spaces, for the amount of square feet the rent is based on. For additional information, please contact 877-797-1031 or info@realized1031.com.