[fstyle]
Are you tired of trying to figure out the Rentable Square Footage of your space? Fear not, for we have come up with a formula that even your grandmother can understand!
Rentable Square Footage is the total area of a space that a tenant pays rent for. It includes the usable square footage plus a proportionate share of the common areas. However, calculating Rentable Square Footage can be complicated and varies depending on the method used, the type of space, and the building standards.
To simplify things, we have created this Rentable Square Footage Calculator that will help you figure out the Rentable Square Footage of your space. Our calculator uses the ANSI/BOMA standard, which is widely used in the industry and considered to be the most accurate method of calculating Rentable Square Footage.
To use our calculator, all you need to know is the Usable Square Footage of your space and the Rentable Percentage Increase. The Rentable Percentage Increase is determined by the building owner or landlord and varies depending on the type of space and the building standards. Once you input this information into our calculator, it will automatically calculate the Rentable Square Footage for you.
Rentable Square Footage = Usable Square Footage + (Usable Square Footage x Rentable Percentage Increase)
Now, let’s dive into the different categories of Rentable Square Footage calculations and their interpretation.
Categories of Rentable Square Footage
Rentable Square Footage can be categorized into four main categories – Stingy, Average, Fancy, and Baller.
| Category | Range (per person) | Interpretation |
|---|---|---|
| Stingy | 50-100 sqft | You’ll be lucky to fit a desk and chair in there. |
| Average | 100-200 sqft | Enough space for a desk, chair, and maybe a plant. |
| Fancy | 200-300 sqft | You can finally fit that mini-fridge you’ve always wanted. |
| Baller | 300+ sqft | Congratulations, you’ve made it! Time to buy that fancy office chair. |
Examples of Rentable Square Footage Calculations
Let’s look at some examples of Rentable Square Footage calculations for different individuals. We will use the imperial system for this example.
| Name | Usable Square Footage | Rentable Percentage Increase | Rentable Square Footage |
|---|---|---|---|
| Joe | 150 sqft | 20% | 180 sqft |
| Karen | 250 sqft | 15% | 287.5 sqft |
| Bob | 350 sqft | 25% | 437.5 sqft |
To calculate the Rentable Square Footage, we use the formula:
Rentable Square Footage = Usable Square Footage + (Usable Square Footage x Rentable Percentage Increase)
For example, let’s take Joe’s case. His Usable Square Footage is 150 sqft, and the Rentable Percentage Increase is 20%.
Rentable Square Footage = 150 + (150 x 20%) = 180 sqft
Different Ways to Calculate Rentable Square Footage
There are several ways to calculate Rentable Square Footage, and each method has its advantages and disadvantages. Here are some of the most common methods:
| Method | Advantages | Disadvantages | Accuracy Level |
|---|---|---|---|
| Exterior Wall Method | Easy to measure | Ignores interior walls and common areas | Low |
| ANSI/BOMA Method | Considers interior walls and common areas | Complicated formula | High |
| Carpetable Area Method | Considers only carpeted areas | Ignores non-carpeted areas | Medium |
Evolution of Rentable Square Footage Calculation
Over time, the concept of Rentable Square Footage calculation has evolved. Here’s a brief history:
| Year | Developments |
|---|---|
| 1915 | The first building standards were developed in the US |
| 1956 | The Building Owners and Managers Association (BOMA) created standardized methods |
| 2009 | BOMA released the current ANSI/BOMA standard |
Limitations of Rentable Square Footage Calculation
But, let’s be real, there are limitations to the accuracy of Rentable Square Footage calculations. Here are some of the most common:
- Building standards vary – different regions and organizations use different standards.
- Interior walls and common areas – these spaces are not always accounted for in calculations.
- Human error – measurements can be inaccurate due to human error.
Alternative Methods for Measuring Rentable Square Footage
If you’re looking for alternative methods for measuring Rentable Square Footage, here are a few:
| Method | Pros | Cons |
|---|---|---|
| Laser Scanning | High accuracy | Expensive |
| Photogrammetry | Quick and non-invasive | Requires specialized equipment |
| Mobile Mapping | Covers large areas quickly | Limited accuracy indoors |
FAQs on Rentable Square Footage Calculations
- What is the difference between usable and rentable square footage? Usable square footage is the area within the walls of your space, while rentable square footage includes common areas and other shared spaces.
- How is the rentable percentage increase determined? The rentable percentage increase is determined by the building owner or landlord.
- Do I have to pay for rentable square footage? Yes, you typically pay for the rentable square footage of your space.
- How do I measure my usable square footage? Measure the length and width of your space, and multiply the two values.
- Is there an industry standard for rentable square footage calculations? Yes, the ANSI/BOMA standard is widely used in the industry.
- Can the building owner change the rentable percentage increase? Yes, the building owner has the power to change the rentable percentage increase.
- Do I have to pay for common areas in my rentable square footage? Yes, common areas are included in the rentable square footage calculation.
- What is the average rentable square footage for an office space? The average is around 150-200 sqft per person.
- Is there a difference in rentable square footage calculation for commercial and residential spaces? Yes, commercial spaces typically have a higher rentable percentage increase than residential spaces.
- Can I negotiate my rentable square footage with the building owner? It never hurts to try!
Reliable Resources on Rentable Square Footage Calculations
If you’re looking for reliable resources on Rentable Square Footage calculations, check out these government and educational sites:
- Provides information on building standards and best practices for measuring Rentable Square Footage.
- Offers resources and training on Rentable Square Footage calculations.
- Provides information on government building standards and regulations related to Rentable Square Footage.
Happy calculating!