Rentable area is the area within a building to which a landlord can charge rent. This includes the tenants’ private and/or exclusive use space, as well as the building’s common areas.
Tenants usually pay rent for their exclusive space plus a share of the common area. A tenant’s rentable area calculation is commonly calculated by multiplying their usable space by the building’s load factor.
Usable Area + Common Area = Rentable Area
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