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 .
The Oregon Provision, using floor area as the measurement standard for Midtown Manhattan modern office towers, is a unique zoning regulation that aims to ensure efficient land use and promote the development of sustainable and well-designed office buildings. This provision specifically applies to office towers located in the Midtown Manhattan area, which is known for its high density and iconic skyline. The Oregon Provision outlines guidelines for measuring the floor area of modern office towers in Midtown Manhattan. It emphasizes the need to maximize usable space while considering the impact on the surrounding neighborhood and infrastructure. By setting specific standards for floor area measurements, this provision aims to balance the demands for economic growth with the preservation of the city's character and livability. One key aspect of the Oregon Provision is the use of relevant keywords, such as 'floor area' and 'measurement standard.' These keywords ensure clarity and consistency in understanding the regulations. By basing regulations on floor area, the provision accounts for both interior and exterior spaces, considering factors like usable office space, common areas, and amenities. There are various types of the Oregon Provision that utilize floor area as the main measurement standard for Midtown Manhattan modern office towers. These variations include: 1. Gross Floor Area (GFA): This type measures the total floor area encompassing all levels of the building, including office space, lobbies, mechanical rooms, and common areas. It provides a comprehensive assessment of the total square footage. 2. Net Usable Area (NUN): This type focuses on the actual usable office space available to tenants, excluding non-rentable areas like hallways, restrooms, and building equipment rooms. It highlights the space that satisfies tenants' functional requirements. 3. Rentable Area (RA): This type measures the space that a tenant can lease and includes both actual usable office space and a proportionate share of common areas like hallways and restrooms. It is typically the basis for calculating lease agreements and rental costs. By providing different types of measurement standards, the Oregon Provision accommodates various stakeholders' needs, from developers and property owners to tenants and city planners. It ensures that the design and construction of Midtown Manhattan's modern office towers align with sustainable and functional principles, while also promoting equitable rental practices. Overall, the Oregon Provision utilizing floor area as the measurement standard for Midtown Manhattan modern office towers aims to strike a balance between economic growth and urban livability. It sets clear guidelines for measuring different types of floor area, ensuring that office towers in this iconic district contribute to a vibrant and sustainable urban environment.
