Glossary Term Defined
Factor, Average
When the Average Factor system is used, there is a single factor "averaged" throughout the building. This factor is established based on multi-tenant Usable areas within the entire building. This factor is based on the total common areas apportioned within the entire building. The Average Factor is established as follows: Tenant Factor Tenant Conversion Factor (Flat) is equal to the Total Building Rentable Area divided by the Total Building Usable Area Usable Area (multi-tenant) of a floor multiplied by the Tenant Conversion Factor equal to the Rentable Area. Example: 120,000 rsf / 105,000 usf = 1.1428 Factor
