Does an owner-occupied building have a "building load factor?"
Let's say my company owns and 100% occupies a 20,000 SF two-story building that was originally built for multiple tenants, so it has a common lobby, 2 elevators, and stairs.

If you had to answer whether or not the building has a "common area factor" (core factor, building load factor, whatever), is the answer or no?

Is "building load" intrinsic to the building, or does it only "exist" in as much as it is applied to leased space in the building?
[{"id": "fzqs8bv", "text": "Load factor is rentable sqft/usable sqft. Are you selling/leasing the building?", "replies": [], "depth": 1}, {"id": "fzqvykr", "text": "Interesting philosophical question? Is it really a common area maintenance fee if there is nothing in common? \n\nAnswer is yes, it is the gardener and he wants to be paid. \n\nBuilding load factor is used for assigning cam charges and splitting the bill between tenants. \n\nIf you are filling out the mls form, check it as n/a unless you are marketing each half independently.", "replies": [], "depth": 1}, {"id": "fzrc0l4", "text": "If it\u2019s single tenant there shouldn\u2019t be a load factor unless otherwise specified in the lease. If you were to split it I to multi tenant then technically a load factor would apply, but usually you would just measure the rentable and forget about the Common area stuff (if that makes sense) especially on a building that small. \n\nFor example I was selling a 240ksf department store turned office a couple years ago. They took 120k sf from the department store and another 120k from the mall. As you know the space has common areas like stairs and hallways etc. the issue of the single tenant leaving and if you couldn\u2019t find another 240ksf user your RBA would decrease and probably your returns as well. A load factor was applied in this scenario by the buyer.", "replies": [], "depth": 1}, {"id": "fzsg6xp", "text": "Technically yes. If it\u2019s owner occupied then it should be the same as the building\u2019s actual gross SF. The actual gross SF is always greater than the useable SF in office buildings. Note that other commercial property types like industrial or outdoor retail don\u2019t have a load factor\n\n\nThe Rentable SF is basically the SF of the useable space x a load factor. The sum of all the units should equal the total building square footage in theory. In practice, it still mostly applies except sometimes two different spaces are measured using two different year\u2019s BOMAs. However, for a single tenant building, it\u2019s all under one lease and one BOMA. For an owner-user, there may not be a specific RSF, but when you buy a building for xxx SF that includes any elevator lobbies and corridors and other areas that are considered common area if there were more than one tenant", "replies": [], "depth": 1}]