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 ?
MPAC has always restricted the use of propertyline[TM] data, however many real estate agents have continued to include it and some Ontario boards turned a blind eye to the infraction because home buyers and sellers demanded that listings provided square footage.
Such square footage discrepancies are very common for business-owners (specifically, those leasing retail and office space).
"We'll continue to look at ways to do more projects as we move forward, but we're committed to square footage growth in that 6% to 7% [range]."
The smart technologies for the UPMC East patient room were aimed at engaging the patient and care staff in jointly sharing information in a way that doesn't require staff to turn their backs to patients while accessing records on a computer--fostering engagement without additional square footage.
Maher, president of Emerson Realtors and vice president of Emerson Homes, said instead of keeping the large square footage in new homes, people want things such as air conditioning, granite countertops and tile or hardwood floors.
Thomas claims that his book has everything you need to know about measuring and calculating residential square footage. He is correct.
Typically, calculating a property per the BOMA 1996 Standard Method for Measuring Floor Area in Office Buildings--a standard that provides definitions for terms (Gross Building Area, Gross Measured Area, Building Measured Area, Floor Rentable Area, Floor Usable Area, etc.) so facilities professionals have a point of reference for determining how to calculate square footage--increases total rentable square footage of a building by 4 to 8 percent.
PLAN: HWB6500004 SQUARE FOOTAGE: 2,078 BONUS SPACE: 339 sq.
Starting with an index of 100, which was based on 2000 data, net square footage showed the most improvement, going from an index value of 102.3 in 2003 to 109.6 in 2004.
Qualified restaurant property is defined as any improvement to a building if such improvement is placed in service more than three years after the date the building was first placed in service and more than 50% of the building's square footage is devoted to the preparation of, and seating for, on-premises consumption of prepared meals.
How much extra square footage do you need right now?
Due to its size and speed potential, the square footage produced on a Rotary Die Cutter System has been known to exceed the total production of some corrugators.