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The difference between usable, rentable and gross square feet is subtle, but extremely important to understand when negotiating a lease. All three terms could be included in your lease, but only one is used to calculate your true annual rent expense.
In this video, AQUILA’s Matt Wilhite will explain the difference between usable, rentable and gross square feet, and why it matters.
To learn more read our article Rentable vs. Usable Square Footage: What’s the Difference?Topic: For Tenants, Understanding & Negotiating Your Lease
Matt Wilhite, now the Director of Leasing at WeWork, was a principal and member of the tenant representation team at AQUILA from 2013 to 2020. During his time at AQUILA, Matt specialized in office lease transactions and building acquisitions and dispositions.