asked 2012-07-21 15:15:19 -0500
I am looking at leasing a building that is being marketed as 4500 sf - 1500 sf on ground floor and 2nd floor, plus same footprint in basement. However, when I toured the building, I noticed the footprint of the 2nd floor is smaller than the 1st floor b/c there is section of the 1st floor where there essentially is no ceiling separation between 1st and 2nd floor - basically there's open space all the way to the roof. This reduces the area under foot on the 2nd floor by about 300 sf. My question is for rent calculation purposes should the rent be based on 3000 sf or 3000 sf less the 300 sf.
Bonus question: the owner is trying to charge rent on the basement he says b/c it's partially fit out. About half the basement has some commercial grade kitchen tiling down and a prep sink. It's always been my understanding that you dont charge rent on the basement space - is this correct? Im in PA if this makes a difference.