This office lease form describes provisions for using the area in the case of a single tenancy floor, within the exterior walls of the New Building, or, in the case of a multiple occupancy floor, within the exterior walls, party walls or corridor walls which is considered to be usable area .
South Carolina Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers The South Carolina Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers is a guideline established by the state of South Carolina that defines how the usable area of office towers in Midtown Manhattan should be calculated. This provision sets specific standards and requirements to ensure consistency in the measurement of office spaces, thereby providing fair and accurate information for tenants and investors. One key aspect of this provision is the use of usable area as the measurement standard. Unlike other measurement methods that may include common areas, structural elements, or external spaces, the South Carolina provision focuses solely on the usable area within an office tower. Usable area refers to the actual space that can be occupied and utilized by tenants, including office suites, conference rooms, employee break areas, and similar functional spaces. This provision aims to eliminate any misleading or exaggerated measurements that might misinform potential tenants or investors about the actual size of the office space they are considering. By using a standardized definition of usable area, it ensures that all parties involved have a clear understanding of the space available within a Midtown Manhattan modern office tower. The South Carolina Provision also establishes specific guidelines for the calculation of usable area. It outlines precise measurements and calculations that must be followed, including the exclusion of certain spaces like mechanical rooms, elevator shafts, utility closets, and stairwells. This ensures consistency across different office towers and prevents any manipulation in the measurement process. By implementing the South Carolina Provision, Midtown Manhattan modern office towers can provide a more transparent and accurate representation of their available spaces. This becomes particularly crucial in a highly competitive commercial real estate market like Midtown Manhattan, where office space is in high demand. Different types of South Carolina Provisions may exist, catering to different subareas or districts within Midtown Manhattan. For instance, the provision could have separate guidelines for office towers located in the Central Business District, Times Square area, or Park Avenue corridor. Each provision might have nuanced variations in terms of calculation methods or specific exclusions, taking into account the unique characteristics and needs of the specific area. In conclusion, the South Carolina Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers is a vital tool in ensuring consistency, transparency, and fairness in the measurement of office spaces within this bustling commercial district. It provides a reliable framework for both tenants and investors, enabling them to make well-informed decisions based on accurate and standardized information.
