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 .
Nevada Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers
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BOMA Gross Area 1 ? Leasing Method Gross Area 1 defines all areas inside of the building, as measured from the outer edge of the external walls. The standard also accounts for areas that fall outside of the building, but are developed and provided to the tenant for their exclusive use.
The BOMA Standard has been the generally accepted method for measuring office space for many years. It should be noted that this standard can and should be used in measuring office space in old as well as new buildings. It is applicable to any architectural design or type of construction.
Calculating Rentable Area Using Method A One of the goals of Method A is to determine a Rentable Area by proportionally allocating shared Service and Amenity Areas to occupants using multiple load factors: one for each floor and one for shared spaces that serve the building.
The BOMA Standard has been the generally accepted method for measuring office space for many years. It should be noted that this standard can and should be used in measuring office space in old as well as new buildings. It is applicable to any architectural design or type of construction.
Method A: Multiple Load Factor Method BOMA measurement Method A traces its roots to 1915 and the publication of the first office floor measurement standard. This method determines rentable areas by allocating shared service and amenity areas on a pro rata basis.
BOMA Standards also use another metric, called the R/U Ratio. This the ratio of rentable space to usable space and you calculate it by dividing the former with the later. You get a number like 1.03 or 1.17. The higher this number is, the more rentable space is lost to common and service areas.
Measure the length and width of the building's walls. Multiply the length and width measurements to find square footage. Remember to multiply the square footage times the number of floors in the building if your facility has more than one floor.
