
Just leased another space to a surgeon. Building is now 99% leased. One more space of 1221 sf vacant.
|
Rentable area versus usable area can vary from one office building to another. The usable area is the space within your office. The rentable area generally includes a portion or percentage of the common area of the building, which is outside of your office, such as common corridors, restrooms, etc. You pay rent based on the rentable area. If you are looking to rent 3,000 square feet of space, is that what you are getting? The market average for the common area or “load factor” is about 15%. This is one more aspect to consider when evaluating different office buildings.
Landlord’s like Tenants with good credit. If you have a strong financial position, provide this information early. For those that have new businesses or have a weaker financial position, build your case with bank references, vendor and client recommendations, and even personal resumes. In today's tough economy, there are many options for new businesses that most landlords are receptive to.