How to Make the Best Design and Construction Decisions Right Now

PJ office with amenities for rent

When discussing the rental cost of a commercial property that will be utilised as an office space, words like rentable square footage and useful square footage are prevalent. Estimates of square footage are utilised instead of a single rental price to determine the cost of your office space.

It will also be examined in further depth the issue of shared space costs. Additionally, commercial tenants are responsible for maintaining the common amenities that they share with their neighbours, in addition to the rental costs they pay. For the most part, the renting procedure may be easily navigated with a little foresight and the help of an experienced tenant representative. Facilities are the most crucial consideration when hiring a PJ office with amenities for rent.

Is it reasonable to state that a certain amount of space is accessible for usage in a certain context?
PJ office with amenities for rent

When determining how much space is really being used, the number of useable square feet will be taken into account. Think of your useable square feet as the size of a single office in a large office building that you are renting.

Is it appropriate to say that a specific amount of space is “rentable” in a certain context?

It’s a good idea to know how much square footage you’ll need in advance of looking to rent an office.

What is the Common Area Factor, and can you tell me how to use it?
PJ office with amenities for rent

To put it another way, the “common area factor” refers to the total amount of space accessible to all of the building’s office tenants. There is a good chance that common areas in an office building will contain restrooms and cleaning closets, as well as places like the lobby and copy rooms. A structure’s floor space and construction area are the most crucial factors to consider. Floor common area refers to all of the common amenities on your floor, whereas building common area refers to all of the common areas across the building. The total common area factor may be calculated by adding these two numbers together (also known as the TCA).

All of these components and conditions come together to form a whole.

Inexperienced office space tenants may find it challenging to calculate the square footage figures. While the numbers may be difficult for you to calculate, tenant representatives are well-versed in this area and happy to help. The rentable square footage is equal to the useable square footage multiplied by one plus the percentage of the add-on rent. The proportion of additional space may be calculated by multiplying the rentable square footage by 100 and the usable square footage by 100. Asking your possible landlord whether he uses an add-on percentage or a common area factor percentage may give you with the information you need to make a decision.

Conclusion

Remember to specify both your present and future space requirements when signing a lease. Even if your company now employs only three people, you must make the essential preparations regardless of whether you plan to grow your workforce by 20% in the next year or two. For six months, we were forced to live in an area that was already congested. Rent a few offices to professionals in your area that are looking for flexible workplace instead of acquiring more space than you really need. The costs of renting more space than you need will be reduced.