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 ?
Many factors have gone into driving the trend of shrinking square footage.
Thomas claims that his book has everything you need to know about measuring and calculating residential square footage.
Advances in science lab design can go further than meeting minimum square footage to improve safety.
The same-size facility built with a cluster arrangement would require 15 to 20 percent more in square footage and costs.
He said in the report he's "confident that having opened 24 stores in 2000 for a 23 percent increase in total square footage, Cost Plus' management team can continue to accelerate square footage in 2001.
Even though this particular doorway design greatly enhances resident living space, it is frequently lost in states which set rigid square footage and cost limits for nursing homes.
Approximately 71% of the square footage in the building is leased through May 2021 to Becton, Dickinson and Company (S&P/Moody's: A/A3).
I can't tell you how many people I hear getting sued because they quoted square footage without taking into account the square foot loss factor.
Store and Estimated Square Footage ( unaudited)(Square footage in thousands)
First, you order stones based on the square footage of the area you want to cover.
Rifkin expects Williams-Sonoma to grow its square footage this year by 15 percent, thereby pushing retail sales up by 17 percent.
An example is found in the application of the latest federal regulations for Medicare/Medicaid nursing homes which state the minimum square footage for resident rooms.