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Updated over 9 years ago,
Square Footage - Net or Gross - Clarification
Hi all,
I was wondering if anybody can give me a qualified answer to the following:
When searching on internet data bases- (for example Zillow, Trulia, Street Easy and others) their is usually a square footage given for the unit.
The question is regarding co-ops or multi family units,- is this figure net or gross. ?
In other words, does it include shared/public areas such as lobbies, stairwells, storage etc. (Gross) or is it the actual floor space of the living unit (Net)
If its the net area- is there any way to clarify the gross area ? (or vice versa)
Perhaps an accepted ratio ?
All educated answers or insights greatly appreciated.