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Do you include square footage for mezzanine space in the total Gross Leasable Area of a Retail Suite in addition to "Disclosing" square footage in column "J" of the Standard Methods calculation?
(The area in question does not equate to a large enough percentage of the specific suite lease space to qualify as a 2nd Flr. area.)
Thank you for your assistance,
Marie Monette
Hi Marie,
The area of the mezzanine should be part of the aggregate Gross Leasable Area of the unit but separately disclosed. For example, you would space id the main area of the unit and the mezzanine separately, such as "Unit 1" and "Unit 1 Mezzanine". The total would be the Gross Leasable Area of the unit.
Thanks,
David