Rentable square feet (RSF) is a measure of area used to determine the amount of rentable space in a building or other property. It is calculated by multiplying the usable square feet (USF) of the property by the load factor, which is a percentage of the USF that can be rented out. This calculation is used to determine the amount of rentable space in a building, which is important for businesses that need to consider rental costs in their budgeting.
- The first step in calculating RSF is to determine the usable square feet (USF) of the property. This can be done by measuring the length and width of each room or area of the property and then multiplying the two measurements together. This will give you the total USF for the property.
- Once the USF is determined, the next step is to apply the load factor to the USF. The load factor is the percentage of the USF that can be rented out. This percentage can vary depending on the type of property and its location. For example, a higher-end property with more amenities will typically have a higher load factor than a more basic property.
- Once the load factor is determined, it can be multiplied by the USF to get the RSF. For example, if a property has a USF of 1000 and a load factor of 80%, then the RSF for that property would be 800 (1000 x 0.80 = 800). This means that 800 square feet of the property is rentable.
Calculating RSF is a useful tool for businesses to determine the amount of rentable space in a property. Knowing the RSF of a property can help businesses make informed decisions when budgeting for rental costs, as well as help them determine the size of space they need to rent.