square footage

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square footage

The area of a space measured in feet.A rectangular parcel of land 100 feet wide by 150 feet deep is 100 150 1,500 square feet.For buildings,the measurements are usually taken at the outside walls.Leased space is measured in usable or in rentable square feet,which differ from each other. Usable square feet consist of the space capable of being occupied by the tenant. Rentable square feet may include a percentage add-on, such as ten percent increase over usable square feet,so that the tenant is paying rent on its proportionate share of the common areas in addition to its own space.Space is generally quoted as a certain number of square feet,“more or less.”This is because there have been successful lawsuits for fraud against real estate agents who represented that, for example, a house contained 2,050 square feet when it really measured out to only 2,000 square feet—a difference of one large closet.

References in periodicals archive ?
2-percent jump to $92 per square foot and Midtown's $137 per square foot, a seven-percent increase.
In Indianapolis, a 631,000 square foot industrial project located in Duke's AllPoints at Anson development that will be constructed in the Company's Browning joint venture and a 185,000 square foot suburban office project located in Duke's Parkwood West business park;
Major retailers anchoring this 510,000 square foot new format retail centre include Real Canadian Superstore (158,000 square feet, retailer owned), Home Depot (98,000 square feet, land lease) and approximately 254,000 square feet of ancillary retail space.
In Chicago, Illinois, a 178,000 square foot industrial project located at the Company's Northlake Park that is 100 percent pre-leased to Grand Warehouse Corporation;
A site in Milton, Ontario will be developed into a 246,000 square foot unenclosed shopping centre.
Also in Atlanta, a 193,000 square foot industrial project that is located in Horizon Park that is 100 percent pre-leased to Genera Corporation;
High Ridge Park in Stamford, a property never traded before, also saw vigorous bidding and was acquired by George Comfort & Sons for $171 per square foot.
Affinity Credit Leased Gale & Wentworths 125,000 square foot building at Mountainview in Bernards Township.
In Atlanta, Georgia, a 130,000 square foot industrial project in the Company's Camp Creek Business Center that is 100 percent pre-leased to R.
signed a 5-year renewal of its 32,100 square foot lease which
The buildings are divisible to accommodate two 50,000 square foot users or the two buildings can be leased together to create a 253,000 square foot secured compound.
61 per square foot, four cents lower than September of last year.