Glossary Term Defined
Factor, (Add-On)
Common term used in the commercial real estate industry to communicate a building, tenant or floor factor. A factor (expressed as 1.0000) that when multiplied times the Usable square footage of and area determines the Rentable square footage. (See Load Factor)
A common term to mean the amount of area "added on" to a tenant space to create the Rentable area. Also know as a R/U ratio. Tenant Usable Area multiplied by the Tenant "Add On" Factor = Rentable Area
