On a Commercial Rent Roll, are the square feet listed usually Usable sqft or Rentable sqft (Usable + Load Factor)?
I am referring to office buildings.
[{"id": "d03nto8", "text": "You should clarify with whoever made the rent roll, but its typically the SF listed multiplied by the base rental rate will give you total rent. So the SF listed is typically whatever the tenant is calculating his rental payments off. ", "replies": [], "depth": 1}, {"id": "d03on8u", "text": "It depends on the software you're using. To the best of my knowledge, Yardi and MRI both only allow for Rentable SF on their default rent rolls.\n\nYou'd have to track the usable SF on a separate file, usually a stacking plan for taller buildings. \n\nThe good thing is that you can ask your janitorial company to keep track of that stacking plan for you, though, since they should base their billing off of usable sf. Less work for you!", "replies": [{"id": "d03s6jv", "text": "That's a great idea!", "replies": [], "depth": 2}], "depth": 1}, {"id": "d043y4q", "text": "Most likely rentable. Landlords typically give zero shits about how many SF a tenant is actually able to use. ", "replies": [], "depth": 1}, {"id": "d0495rn", "text": "Typically rentable square footage or at least that's what i've seen from brokers, owners, appraisers, and lenders. ", "replies": [], "depth": 1}, {"id": "d0731si", "text": "It's nearly always rentable. Also, the rentable SF may not correspond to the actual load factor - many landlords use a \"market load factor\", since tenants actually care about usable.", "replies": [], "depth": 1}, {"id": "d08vf3g", "text": "A rent roll will almost always show RSF since that's what all rent calculations will be based on. They may also show the usable.", "replies": [], "depth": 1}]