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What Is Loss Factor? NYC Office Space 101

Picture of Lance Leighton

Lance Leighton

Understanding Loss Factor in New York City – Office Space Leasing 101

One of the most complicated concepts in an office leasing transaction for a tenant to understand is the idea of “loss factor”.  Loss factor, or the difference between rentable and usable square footage in an office space, can often be a deal killer or major challenge while exploring the marketplace.    A dear friend of our team, colleague, and former Chairman of REBNY (the Real Estate Board of New York), Bill Montana, does an excellent job explaining it in the following video clip.