Total load factor for tenant on second floor of building

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Reference no: EM132285963

You would like to rent 3,500 square feet of usable area for an office. You are considering space in a Class-B office building containing 60,000 square feet of rentable area, of which 2,000 square feet is a central lobby that is used by all tenants in the building. The space you have seen is on the second floor, which contains a total of 19,000 square feet of usable area for tenants and 1,000 square feet of floor common area. This floor would be shared with several other tenants that currently lease 15,500 square feet of usable area. The leasing broker indicated that base rents will be $18 per square foot (psf) of rentable area.

What is the floor load factor for this space?

What is the building load factor?

What is the total load factor for a tenant on the second floor of this building?

If you sign a lease for this space, how much total rentable area will the landlord try to assign to you?

What will your total annual rent be for this space?

What is the efficiency percentage of this building?

What is the total rent psf of usable space?

You are considering alternative space in a building with an efficiency percentage of 87.50 percent. This space would rent for $17.50 psf of rentable area. Assuming that you require the same 3,500 square feet of usable area, which space is less expensive for you? Show calculations to support your conclusion.

Reference no: EM132285963

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