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Lease Information

Lease rates for industrial/commercial space are calcuated on a standard formula based on current market rates and for the total rentable space. Rentable space is the usable space (the actual area available for use) plus area taken up by interior and exterior walls and a commensurate percentage of any common areas shared by multiple spaces (e.g. lobbies, electrical/mechanical rooms, and common bathrooms). The total lease rate for a space is a combination of different rates for different types of space (e.g. finished, flex, storage, etc.). Lease rate adjustments may be made at the discretion of the Port to account for market conditions, the availablity of special features/amenities, and other factors.