The add-on factor is the amount of usable square feet in acommercial propertydivided by the number of rentable square feet. The result of this calculation will be one if the two numbers are identical, but it is always lower than one because some square footage in a building will not be ...
it’s time to dive deeper into the data. You’ll need to get details on when the home was built, the lot size, the livable/rentable space, the total square footage, the number of rooms, the status of basements and attics, zoning details for the property, and other specifics that a...
Rentable square footageis the usable square footage times the pro-rata share of the building’s common areas, such as lobbies, public corridors and restrooms. The rentable/usable (R/U) factor will typically fall within the range of 1.10 for a full-floor occupancy to 1.16 for a partial- f...