“Telecommuting is a work arrangement where employees perform job duties from a remote location, typically their home, using electronic communications to remain connected with their employer and co-workers. Telecommuting eliminates the need for a daily commute and can reduce overhead costs related to physical office space.”
Flex space refers to a type of industrial property that can be easily converted to accommodate various uses, including office space, research laboratories, or industrial activities. This versatility makes it ideal for businesses with dynamic space needs.
Gross Leasable Area (GLA) refers to the total floor area of a building that can be used by tenants, including all areas that are used by tenants and the communal spaces shared by tenants. It is measured from the center of joint partitions to the exterior surfaces of outside walls.
Gross Square Foot (GSF) refers to the total area of a building measured from the outside of the exterior walls, including all spaces such as hallways, closets, and structural components.
A portion of one’s home used for business purposes. This has become commonplace with the availability of affordable equipment (computers, fax machines, copiers, scanners, and the like) and electronic communication methods.
An office building is a structure primarily used for conducting business activities such as administration, clerical services, and client consultations. These buildings can vary in size and may house one or multiple business concerns.
Usable area refers to the occupiable part of an office or building floor, generally measured from paint to paint inside the permanent walls and to the middle of partitions separating one tenant’s space from that of other tenants on the same floor. Interior beams and columns are not deducted in this measurement.
