Most tenants pay their rent by the square foot.
If you lease too little space, it might be difficult to run your business. On the other hand, if you lease too many square feet, you will be wasting rent money. About 30 percent of all commercial space is incorrectly measured. Phantom space, as it is often referred to, is so prevalent in leased space that some companies dedicate themselves to just measuring tenants' premises and ensuring measurements are accurate. Analyzing your space requirements One reason so many tenants find themselves leasing too much space is that leasing brokers are paid a commission based on area calculations.