The New York method of measuring space typically measures to what?

The New York method of measuring space is a standard commonly used in commercial real estate, particularly in the New York City area. This method measures the space to the exterior walls of the building. This approach accounts for all usable areas within a building, including dedicated structural components and common areas that contribute to the overall size of the property.

By measuring to the exterior walls, this method provides a more comprehensive view of the space available, which can be beneficial when negotiating leases or sales, as it includes all areas that are part of the building footprint. It is important for landlords and tenants to understand this method because it affects the calculation of rentable square footage and hence influences costs and valuation.

Other methods, such as measuring from the interior walls, do not capture the full extent of the leased area and can lead to misunderstandings about how much space is truly available for use. While answering the question, it’s clear that understanding the implications of different measurement methodologies can significantly affect commercial property transactions.