A term commonly used in commercial real estate to refer to an entire floor of a building. The term is commonly used when discussing square footage and/or variations in size and shape of floors within a building.
Example of how it can be used:
There are two different floor plates in this building that should accommodate various users. The bottom third of the tower has 30,000 GSF floor plates that are rectangular, while the upper two thirds of the building consist of 20,000 GSF floor plates that are square.« Back to Glossary Index