Usable Area
Usable area represents the space a tenant exclusively occupies for business operations and is typically measured within the tenant's premises boundaries per the applicable standard. Measurement explanations describe usable area as excluding certain building structural elements and shared/common spaces.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Leasing; space planning
- Property types
- Office leasing and measurement
In practice
- Operator data models should store both usable and rentable measurements where relevant, because leasing economics are paid on rentable while operations often manage to usable.
Related terms
Operating Performance Metrics
- Average Daily Rate (ADR)
- EBITDA Per Available Room (EBITDA PAR)
- Gross Operating Profit Per Available Room (GOPPAR)
- Labor Cost Per Available Room (LPAR)
- Load Factor (Common Area Factor / Loss Factor)
- Net Effective Rent (NER)
- Occupancy Cost
- Occupancy Cost Ratio
- Rentable Area
- Revenue Per Available Room (RevPAR)
General information, not legal, tax or financial advice.