What does rsf mean in real estate

What does RSF mean?

Rentable Square Footage

What is USF and RSF?

The Basics. First, there is the Rentable Square Foot (RSF) total, which specifies how much space the tenant leases from the landlord. This total includes the area that the tenant will occupy. … Second, there is the Usable Square Foot (USF) total, which indicates the amount of space the client occupies.

What is RSF in construction?

Rentable Square Footage or RSF

RSF is is the square footage used to calculate your rental rate. This is the USF + your share of the buildings common areas that are shared by other tenants in the building. … Common area does not include stairwells, elevators, and other mechanical space.

How do I find my RSF?

So, each one has 40,000 square feet of usable space. To find RSF, multiply this amount by the load factor, which is 1.25. This means that the RSF in this case would be 40,000 x 1.25 = 50,000.

What does RFS mean?

RFSAcronymDefinitionRFSReason for SellingRFSRenewable Fuels StandardRFSRepetitive Flexible SupplyRFSRural Fire Service (New South Wales, Australia)

What is meant by usable vs rentable space?

Rentable square feet is defined as the usable square feet plus a portion of the building’s common space. Common spaces are areas usable by all tenants in the building and include, but are not limited to, hallways, lobbies, public restrooms and fitness facilities.

How is rentable area calculated?

The Rentable Area of an office on the floor is computed by multiplying the Usable Area of that office by the quotient of the division of the Floor Rentable Area of the floor by the Usable Area of the floor resulting in the FR/U Ratio.

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What does load factor mean in real estate?

The load factor represents a percentage of the common area, which is then added onto a tenant’s usable square footage to determine the tenant’s rentable square footage. Let’s say a shopping center has a total area of 100,000 square feet.

How is useable square footage determined?

First, find out how much total floor area a building has. Then, subtract the shared square footage to determine the usable square footage. The owner or owner’s agent should be able to give you these numbers. … Example: A 100,000 square foot building has 15,000 square feet of shared space.

How do you calculate core factor?

The core factor can be calculated by dividing the rentable square footage by the usable square footage. It is imperative that we, as Tenant Rep’s educate our clients on understanding this number in order to allocate costs and compare different options.

What is rentable area?

Rentable Square Feet

Simply stated, rentable square footage is the area of the enclosed interior space of the building other than holes in the floor, such as stairwells, and elevator and mechanical duct space. If it’s floor that you can stand on, you pay for it, because it is rentable space.

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