This office lease form describes provisions for using the area with respect to each office floor, mean the area within the exterior walls of the Building and, in the case of the lobby floor, the area within the demising walls of areas rented or to be rented which is considered floor area .
North Dakota Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers In North Dakota, there is a provision in place that utilizes floor area as the measurement standard for determining the size and dimensions of modern office towers in Midtown Manhattan. This provision aims to ensure fair and accurate assessments of office space, taking into account the overall floor area of a building. The utilization of floor area as the measurement standard for Midtown Manhattan modern office towers ensures consistency and transparency in determining the size and value of such properties. By relying on the total floor area, this provision incorporates all usable space within a building, including office suites, conference rooms, hallways, and common areas, providing an accurate reflection of the space available for commercial use. The use of floor area as the measurement standard also helps in determining the efficiency and functionality of the office towers. It allows potential tenants or investors to gauge the available space for their specific needs, whether it be open office layouts, private cabins, or collaborative work areas. The provision ensures that the measurements are uniform across different office towers, facilitating fair comparisons and evaluations. In Midtown Manhattan, there are several types of modern office towers that adhere to the North Dakota provision using floor area as the measurement standard. These include: 1. Class A Office Towers: These are high-quality buildings that offer top-of-the-line amenities, advanced technology infrastructure, and excellent accessibility. Class A office towers utilize floor area measurements to provide accurate information on available space and ensure that potential tenants can make informed decisions. 2. Green or Sustainable Office Towers: As sustainability becomes a priority in the real estate industry, green or sustainable office towers in Midtown Manhattan also adhere to the floor area measurement standard. These buildings incorporate eco-friendly features and designs, utilizing floor area measurements to assess their environmental impact and energy efficiency. 3. Mixed-Use Office Towers: Midtown Manhattan is known for its vibrant mixed-use developments that combine office spaces with residential, retail, and entertainment components. The North Dakota provision applies to mixed-use office towers, enabling precise measurement and evaluation of the office space while considering the overall layout and functionality of the entire building. 4. LEED-Certified Office Towers: LEED (Leadership in Energy and Environmental Design) certification is recognized globally as a mark of excellence in sustainable building practices. LEED-certified office towers in Midtown Manhattan adheres to the floor area measurement standard, ensuring accurate assessment of the sustainable attributes and environmental impact of these buildings. By implementing the North Dakota provision using floor area as the measurement standard, Midtown Manhattan ensures that modern office towers are evaluated consistently and fairly. The provision facilitates informed decision-making for potential tenants, investors, and developers by providing accurate information about available office space, functional layouts, and sustainable features.
