How are rents calculated for commercial space?
Monthly rents are based on a rentable square foot (RSF) basis. You may calculate your monthly rent by multiplying the annual RSF rate by square footage and divide by 12 — the number of months in the year — to get your base monthly rent. back to top Lease Terms Defined Security Deposit: A monetary amount, paid up front to secure a lease. Determined after a review of the financial information. Generally, we require security deposits in the amount of one month’s rent from all business entities. Usable Square Feet versus Rentable Square Feet: Usable Square Feet (USF) refers to the space within your walls. Rentable Square Feet (RSF) includes a proportionate share of the building’s lobby, washrooms, common areas, etc. We charge by RSF. (Tenants often use usable square feet to determine how their office furniture will fit in the space.) As part of its commitment to service, Marc Realty offers its tenants space-planning assistance. Guarantor: A person who provides guaranteed security for pay
