Definition
Usable area plus a pro rata share of building common areas, the basis for commercial rent.
Example
Rent was quoted per rentable square foot, which exceeded usable area by the load factor.
Related terms
Frequently asked questions
What does Rentable Square Feet mean in real estate?
Usable area plus a pro rata share of building common areas, the basis for commercial rent.
How is Rentable Square Feet used in practice?
Rent was quoted per rentable square foot, which exceeded usable area by the load factor.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.