Leasing Definitions - What Does "Building Core" Mean?

Commercial Leasing Keys, Real Estate

Definition: The Building Core includes portions of the building that are not rented but serve all tenants indirectly. The Building Core includes public restrooms, ventilation shafts, electrical distribution, elevator shafts, and stairwells. In most buildings, these elements are close together, typically near the center of the building.

Also see, "Gross Square Feet."

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