- Maureen Mounzer
- Maureen Mounzer
- February 19, 2012
If I lease 1000 sf in a Hotel lobby, would we use gross building or gross measured area for the Hotel sf, to calculate proportionate share? Would there be any deductions?
Thank you.
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If I lease 1000 sf in a Hotel lobby, would we use gross building or gross measured area for the Hotel sf, to calculate proportionate share? Would there be any deductions?
Thank you.
Maureen,
BOMA 1996 does not address hotels or hospitality buildings.
If you elect to use the BOMA 1996 Office Standard for a hotel, proportionate share should be calculated using Floor R/U and Building R/U ratios as prescribed by the standard. Gross Building Area is a standalone calculation and of little use when calculating Rentable Area. Gross Measured Area will help you calculate Rentable Area, but cannot be used on it's own to calculate proportionate share.