An identified dollar amount, either on a dollar per square foot per year basis or a pro rata share basis of total operating expense cost, that the landlord is responsible for paying. Any increase over the expense “stop” will be passed through to the tenant.
Usually the first year’s rental cost, normally identified as the annual rent in a gross lease.
The cost charged per rentable square foot, typically expressed on an annual basis for the entire leased area.
Efficiency of the usable area to meet tenant’s requirements. Efficiency of usable area is dictated by such factors as: building shape, core location, column size location, floor size, leasing depth, corridors, etc.