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22 <br />L. Manifests the culture of the overall organization. <br />Full descriptions of the characteristics of each attribute are presented in Appendix 2. <br />Space Utilization Summary <br />The following is a space utilization summary of selected buildings owned or leased by Orange <br />County, North Carolina. The summary is based on the following: <br />1. The information is extrapolated from the document entitled, Square Footage by Department or <br />Agency as prepared by the Orange County, Asset Management Services Department (undated), <br />latest version received October 11, 2013. <br />2. Conference rooms are allocated to the building in which they are located, even if they are <br />available for use by occupants of other Orange County buildings. <br />3. For the purpose of this report, the following definitions are used. They are recognized by both <br />the Building Owners and Managers Association (BOMA) and he International Facility Management <br />Association (IFMA): <br />• Usable area: The portion of a building or floor available for occupants. In leased space this <br />is the area not shared with other tenants. It is the amount of functional space available for use by <br />an occupant or tenant. <br />• Rentable area: This is the gross area of a building minus exterior walls, major vertical <br />penetration and interior parking spaces. In leased space, this area includes common areas <br />(defined below) shared with other tenants, and is the amount the lessee pays for. <br />• Common area: Common area is space shared by all tenants, such as but not <br />limited to, the main lobby, main circulation corridors leading to individual leased spaces, elevator <br />lobbies, duct chases, building columns, mechanical /electrical rooms, wiring closets, amenity <br />spaces available to all tenants such as a fitness centers, cafes, day cares, etc. <br />• Load Factor: The Load Factor is a percentage that takes into account the <br />common areas. It is determined by dividing the total rentable area by the total usable area. A <br />tenant's basic rent is determined by multiplying their usable area by the load factor, and the result <br />(which is the rentable area) is then multiplied by his rental rate per square foot. <br />2 Vertical penetrations include stairs, elevator shafts, utility tunnels, flues, pipe and duct shafts and their enclosing walls (Source <br />International Facility Management Association, Research Report #30, 2008 <br />-11- <br />