February 4, 2022
If you are looking to invest in a commercial building, one important factor you will likely be focused on is the building’s size. However, there’s more to calculating the square footage of a commercial building than meets the eye.
Not only will you need to determine the overall size of the structure, but you will also have to calculate the rentable space inside. Having an understanding of the exact space that can be rented to tenants will help you decide which building is the right fit. Here is a breakdown of how to calculate the square footage of a commercial building.
When browsing listings for commercial real estate, you might find that it’s easy to focus on the overall square footage of a building. For example, you have determined that you are in the market for a building that is between 15,000 and 20,000 square feet. However, not all 15,000-square-foot commercial buildings are created equal.
To find which building is the best option, you will need to use various commercial square footage measurement techniques. Three measurement strategies that can help you evaluate a commercial building’s size and functionality include:
Determining the square footage of a commercial building can be complicated. If you are trying to make all these calculations on your own, you may feel in over your head. Fortunately, there are tools and resources available to help make this process easier.
At Rakow Commercial Realty Group, we have an office space calculator that allows you to break down the usable and rentable square footage based on the number of offices and their size. This commercial office space calculator is free and simple to use.
As you continue to browse for available commercial real estate in your area, use these tips to help calculate the square footage:
In addition to square footage, there are other factors that you may want to consider when purchasing commercial real estate, including:
Choosing the right commercial building and finalizing the purchase can be an overwhelming experience. If you want to make the most out of your investment and ensure that you enjoy the highest returns, partner with a commercial real estate firm that specializes in this niche sector of the real estate industry.
At Rakow Commercial Realty Group, our team can help you search for the right commercial building, and we can determine if the square footage meets your needs. For more information about investing in commercial real estate, contact Rakow Commercial Realty Group today.
July 25, 2022
Most individuals and organizations that invest in commercial real estate will then rent their property to businesses looking to operate out of their space. Once you’ve found the perfect piece of commercial real estate property, you want to work with a commercial realty group that can provide reliable owner representation services. When you partner with […]
November 11, 2021
Before you list your commercial building for sale and begin to accept offers, you need to make some preparations. The process of selling a commercial building is a bit different than selling residential real estate. Because of this, it’s important to understand how the process works and what you can do to successfully sell your […]
November 10, 2021
Purchasing a commercial building requires investing your time and financial resources. However, most people don’t have enough expendable cash to pay for a property upfront. Fortunately, commercial real estate loans offer a financial solution. If you are looking to invest in commercial real estate, Rakow Commercial Realty Group can help. Here we have created […]
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