Common Area Factors include any areas that are common to multiple building occupants: building lobbies, restrooms, storage and utility closets, loading and staging areas, and others. Some broader definitions of Common Area Factors include areas for health clubs, cafeterias, meeting and conference areas, outside plazas, and others.
Common Area Factors vary from market to market and from building to building. In the northeast, Common Area Factors can range from as low as five percent (5%) in single story suburban office buildings to as high as twenty-five percent (25%) in suburban high-rise office buildings, to considerably higher rates of thirty-five percent (35%) or more in high-rise city office buildings.
Mar 8, 2010