Everyone is fairly correct. You asked about load factor for a 6 story building. Most landlords do it by floors. So if you have a 6 story buidling that is 60,000 sf. You have 10,000 sf per floor. Let's say you have 9 1000 sf suites, then the remaining 1000 sf (Hallway, waiting area, bathroom, kitchen, etc) is divided between the 9 other suites. This is done if they are rented or not. So, the lease is written as 1000 sf with an 11% load factor and price out at $XXX/sf times 1110 sf. Now, you may have to add more, if for instance, that the bottom floor is a reception area or other use that is used by the entire building. The other option is to do the entire building, but it should come out close to the same thing.
Apr 1, 2010