What is Usable VS Rentable space?
The lease should describe the location in the center, the size of the space and the method used to measure the space, so that disputes dont arise at a later date. The space that a tenant actually uses is termed “usable”, while the space that the tenant rents is termed “Rentable””. In most cases usable and Rentable square feet differ. It is best to ask before renting. How much of the Rentable space is common area? Where does the landlord measure from, the center of the wall, the drip line, etc.? Common area would include bathrooms, hallways and conference areas tenants may share.
