rentable vs usable SF on NNN shopping center lease
asked 2012-05-30 18:55:11 -0500
(1) Is it typical to pay the same rental rate/sf on the common area portion as you would on the usable SF? For example, if the usable SF is 1500 SF and the tenant's proportional share of the common area is 100 SF, is the rental rate on the common area portion the same as on the usable portion, or is it negotiated separately at potentially a lower PSF rate. The common area in this scenario is a rear shared hallway of a new construction grocery/big box anchored community shopping center.
(2) When you have a usable SF that you are already being charged on, how does this affect the traditional CAM component of a shopping center NNN (tax, ins, cam) lease?
