Definition
The area a tenant actually occupies, excluding the pro rata share of common areas.
Example
5,000 usable square feet with an 18% load factor billed as 5,900 rentable square feet.
Related terms
Frequently asked questions
What does Usable Square Feet mean in real estate?
The area a tenant actually occupies, excluding the pro rata share of common areas.
How is Usable Square Feet used in practice?
5,000 usable square feet with an 18% load factor billed as 5,900 rentable square feet.
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.