Leasing Policy

Space in the Guilford Building is leased by the square foot. The following standard definitions and lease rates apply to all tenants leasing space inside the Guilford Building. These definitions and lease rates do not apply to rooftop, basement, bank area space, or to street-level shops.

Leasable Area

Leasable area is defined as the number of square feet in the space to be leased and is measured at the longest length and the widest width of the area. Measurements are taken at the outside of exterior walls and the middle of interior walls. This method of measurement is sometimes called the New York Method and is widely used throughtout the United States as well as in the immediate Greensboro area.

Common Area

Common area is defined as general-use space which includes hallways, restrooms, lobbies, and elevators outside leasable areas. Each tenant pays for a proportinate part of common area, which amounts to 15% of a tenant's leasable area. A conference room is available to tenants at no additional charge.

Management reserves the right to partition space as it deems necessary.

Types of space for lease:

There are many ways Hallimar Properties may assist you with your special needs. Ask about Office Space, Telcom Space, and Antenna Space.

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