Discover the Truth Behind Usable Square Feet
When a tenant is leasing a new commercial property it is important to understand how square feet is determined when measuring the space of a property. In the case of a single building with one rentable space, the building is measured from corner to corner based upon the exterior measurements.
For multi-tenant buildings this process is a bit different. When calculating space for a multi-tenant establishment the space is measured in a similar way, however walls are considered shared between those who share the space. This means that ½ of the space of the wall is allocated to each side.
While this distinction does not make a huge difference, it is very important for those looking to purchase or lease commercial real estate to understand how space is measured. It is important to know how much space you need in your new office before signing the papers. This will help you ensure that you get the exact space that you have been searching for.
Contact us today to learn more about how you can find the perfect commercial real estate with Thornton Oliver Keller!
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