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 ?
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.
If finished living area is separated from the main dwelling, or can only be accessed by going outside, then it is not counted in the total heated and air-conditioned square footage.
Even though BOMA's method for calculating total rentable square footage has been available for 12 years, many buildings have never been recalculated--or, if the property was recalculated, the new numbers weren't implemented in order to keep building factors competitive in the market (some property owners determine that the recalculations will surpass acceptable numbers in particular markets).
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.
All square footage requirements are computed by using inside dimensions of a room; the square footage of support spaces in suites may be included when computing the square footage of the suite.
One risk involved planning for more square footage than the state allowed 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).
6-acre lot holds a maximum building square footage of 224,770.
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.