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Realtors and property managers often state the lease amount for commercial buildings in terms of square footage, such as $1.87 per square foot. Depending on the space you are leasing, this term can be misleading.
Many commercial leases use BOMA Standards and charge monthly rent based on âRentable Square Feet,â not on Usable Square Feet.â This is important to understand because if you are quoted a price of $1.25 per usable square foot, that may be what you end up actually paying for each month. Rentable Square Feet. Usable square feet is the number of square feet that a tenant actually occupies. But there are other parts of the building that all tenants use or benefit from.