{"id":782,"date":"2024-05-11T00:00:00","date_gmt":"2024-05-11T07:00:00","guid":{"rendered":"https:\/\/crecalculator.com\/faqs\/?p=782"},"modified":"2024-05-11T00:00:00","modified_gmt":"2024-05-11T07:00:00","slug":"cre-terms-to-know-common-area","status":"publish","type":"post","link":"https:\/\/crecalculator.com\/faqs\/cre-terms-to-know-common-area\/","title":{"rendered":"CRE Terms to Know: Common Area"},"content":{"rendered":"<p>The generally accessible areas found on each floor of an office building such as washrooms, janitorial closets, electrical rooms, telephone rooms, mechanical rooms, elevator lobbies and public corridors that are available for use by all tenants on that floor. It does not include major vertical penetrations such as elevator shafts, stairways, equipment runs, etc., (identified as a percentage of rentable area).<\/p>\n<p>Learn more at <a href=\"https:\/\/www.naiop.org\/education-and-career\/industry-terms-and-definitions\" target=\"_blank\" rel=\"noopener\">https:\/\/www.naiop.org<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/source.unsplash.com\/featured\/?commercial-real-estate\" alt=\"Commercial Real Estate\" width=\"800\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The generally accessible areas found on each floor of an office building such as washrooms, janitorial closets, electrical rooms, telephone rooms, mechanical rooms, elevator lobbies and public corridors that are available for use by all tenants on that floor. It does not include major vertical penetrations such as elevator shafts, stairways, equipment runs, etc., (identified &#8230; <a title=\"CRE Terms to Know: Common Area\" class=\"read-more\" href=\"https:\/\/crecalculator.com\/faqs\/cre-terms-to-know-common-area\/\" aria-label=\"Read more about CRE Terms to Know: Common Area\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-782","post","type-post","status-publish","format-standard","hentry","category-commercial-real-estate-definitions","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CRE Terms to Know: Common Area - Commercial Real Estate Valuation Calculator FAQs<\/title>\n<meta name=\"description\" content=\"Commercial Real Estate Valuation Calculator FAQs - 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