Usually found in an office building lease, load factor means the percentage of non-rentable space (e.g., lobby, restrooms, corridors, etc.) charged pro-rata to each tenant on the basis of square footage rented.
Usually found in an office building lease, load factor means the percentage of non-rentable space (e.g., lobby, restrooms, corridors, etc.) charged pro-rata to each tenant on the basis of square footage rented.