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Leasing Definitions - What Does "Gross Square Feet" Mean?

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Definition: Gross Square Feet generally means the total square feet of the building. This term is somewhat misleading as gross square footage includes measurements both usable and non-usable by tenants. In other words, gross square feet is not just the total dimensions of floor plans for space that is occupied (or able to be occupied). It includes common areas, building core, and other areas of the building used for maintenance and operations.

How is Gross Square Footage Calculated?

The gross square footage of a building includes includes elevator shafts, vertical penetrations, equipment areas, ductwork shafts, and stairwells, as well as the usable square footage (the areas occupied by or available to tenants).

See also, "Building Core."

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