Rentable area in a commercial property includes what components?

Rentable area in a commercial property is a crucial concept for determining the space that tenants actually pay for in their lease agreements. It includes not only the usable area, which is the space that tenants can use for their operations (such as offices, retail space, or warehouse areas), but also the core area.

The core area consists of shared spaces that benefit all tenants, such as hallways, restrooms, stairwells, elevators, and lobbies. Since these areas are shared among multiple tenants, their costs are typically distributed across all tenants in the building.

By including both core and usable areas in the calculation of rentable area, landlords ensure that the costs associated with the entire property are allocated fairly among tenants, reflecting the total space they have access to. This comprehensive approach to measuring rentable space helps provide a more accurate representation of the total area for which tenants are charged rent, making choice C the correct answer.