Santa Clara California Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers

State:
Multi-State
County:
Santa Clara
Control #:
US-OL301A
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Description

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.

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FAQ

M1-2 Zoning is a Light Manufacturing Zoning district in NYC. In M1-2 there are multiple uses including manufacturing, commercial, and community facility. The M1-2 Zoning District is a sub district of M1 Zoning in NYC.

Manhattan alone had 463.8 million square feet of office inventory as of the second quarter of calendar year 2021, accounting for nearly 11 percent of all office space in the nation.

M3 districts are designated for areas with heavy industries that generate noise, traffic or pollutants. Typical uses include power plants, solid waste transfer facilities and recycling plants, and fuel supply depots.

New York City has the most office space of any US city by far. With more than 451 million sq/ft of office inventory, New York City contains nearly 11% of the total office inventory in the US. NYC also has 122 million+ sq/ft more office space than any other US city (Washington, D.C. is in second place).

The size of office space in Midtown Manhattan amounted to 240.49 million square feet in the second quarter of 2020....Size of office real estate in Manhattan in Q2 2021, by district (in million square feet) CharacteristicSpace in million square feet--3 more rows ?

The C1-3 Zoning District is primarily residential with commercial uses on the street level. The commercial uses are usually typical commercial uses for residential areas including retail, restaurants, and services for the day to day needs of a residential neighborhood.

In previous years, workplace design studies concluded that the average office space per employee was about 75 to 150 square feet, according to JLL. Now, in the midst of a pandemic, JLL reports the average amount of space per employee in 2020 was 196 square feet.

New York City is divided into three basic zoning districts: Residence (R), Commercial (C) and Manufacturing (M). The three basic districts are further sub-divided to allow for a wide range of building forms and uses.

The firm has some 1.9 million square feet of space in New York that's either available or will become so in the coming months, according to Business Insider, which obtained leaked marketing materials.

The C8-1 Zoning District is a sub district of C8 Zoning in NYC. C8 is a general service zoning district with having retail, department automotive showrooms, car washes, warehouses and other commercial uses. C8-1 Zoning is mapped in The Bronx, Brooklyn, Queens, and Staten Island.

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Santa Clara California Provision Using Usable Area as the Measurement Standard for Midtown Manhattan Modern Office Towers