What defines the efficiency factor of a leased space?

The efficiency factor of a leased space is defined as the ratio of net area to total occupant area. This concept is crucial in understanding how effectively a leased space utilizes the available area for occupancy. The net area refers to the usable space that occupants can actually use, while the total occupant area includes both the net area and any additional areas that do not contribute directly to useable space, such as corridors, restrooms, and other common areas.

By measuring this ratio, one can assess how much of the total space is usable versus how much is allocated to shared or service areas. A higher efficiency factor indicates a greater proportion of usable space, which is a significant consideration for tenants looking to maximize their use of leased areas within a building. Understanding the efficiency factor helps in making informed decisions regarding space planning and financial implications for leasing, which can significantly affect operational costs.