Comparable Space definition

Comparable Space means similar space in office buildings in the central business district of Chicago where the Building is located, which are comparable to the Building in reputation, quality, age, size, location, and level and quality of services provided, and which have similar occupancy of the Building, but excluding those leases where tenants have an equity interest in the building.

Comparable Space means a comparable amount of space (considering the standard of measurement by which square footage is measured) in comparable condition (i.e., shell or second generation) on a comparable floor and with a comparable view located in a building of comparable age and construction, with a comparable number of floors, a floor plate of comparable size and configuration and offering comparable services and amenities.

Comparable Space means office and lab space that is (i) comparable in size, location, and quality to the Premises; (ii) leased for a term comparable to the Option Term; (iii) with respect to the portion of the Premises used for office purposes, located in the Building or other comparable office buildings in the “South of Market” vicinity of the Building; and (iv) with respect to the portion of the Premises used for lab purposes, located in comparable lab space in San Francisco, or if less than three (3) comparable lab spaces are available in San Francisco at the time of determination of the Market Rate, then comparable lab space in San Francisco and South San Francisco. In determining the Market Rate, the parties shall include all escalations and take into consideration (a) free rent and other rental abatement concessions, if any, being granted to tenants in connection with the Comparable Space; and (b) tenant improvements or allowances provided or to be provided for the Comparable Space, taking into account the value of the existing improvements in the Premises to Tenant, based on age, quality, and layout of the improvements. The Market Rate for an Option Term shall be calculated pursuant to Section 3.03C below. Such calculations as agreed upon by Tenant and Landlord as stated below shall be final and shall not be recalculated at the actual commencement of such Option Term.

Examples of Comparable Space in a sentence

• The Lease for the Option Term shall be upon the same terms and conditions as during the original Term, except (i) the Base Year for calculating Additional Lease Charges for the Option Term shall be the period specified in the Basic Lease Information, and (ii) the Minimum Rent during the Option Term shall be equal to ninety-five percent (95%) of the Prevailing Market Rate (as that term is defined in subsection (c) hereof) for Comparable Space (as that term is defined in subsection (b) hereof).

• No later than ten (10) months prior to the commencement of the Option Term, Landlord shall serve Tenant with a written notice setting forth Landlord's determination of the Prevailing Market Rate for the Option Term ("Landlord's Notice") and with a list of leases of Comparable Space ("Comparable Space List") upon which Landlord's Notice was based.

• During the Term during Normal Business Hours, Landlord shall operate and manage the Building in an efficient, cost-effective manner; and provide janitorial and other services comparable in service and quality to those provided for Comparable Space.

• Such second extended Term shall commence upon the expiration date of the extended Term of this Lease, expire upon the annual anniversary of said date five (5) years thereafter, and be upon the same terms, covenants and conditions as provided in this Lease for the initial extended Term, except that the Annual Rent payable during the second extended Term shall be at the Prevailing Rate for Comparable Space at the commencement of such second extended Term.

• Except as otherwise limited by the terms of this Lease, all costs and expenses directly and reasonably incurred by Landlord (the nature, character and extent of which are customarily incurred by landlords of Comparable Space) in the operation and maintenance of the Building.

More Definitions of Comparable Space

Comparable Space means a comparable amount of office space, with at least comparable views and other amenities, located on the same floor or higher in the Building, or in the case of space not in the Building, space in such other building on the same floor or higher as the space in question in the Building, with at least comparable views and amenities.

Comparable Space shall have the meaning ascribed to such term in Section 7.05(c);

Comparable Space means northern waterfront warehouse shed space with use restrictions similar to those pertaining to Piers 15- 17 (such as those arising from zoning, the public trust, historic preservation and BCDC) in a condition comparable to the Pier 17 Premises on the Commencement Date. Port shall present to Tenant 6 months before each adjustment date Port's proposed Periodic Rent Adjustment, which shall be based on the average of applicable transactions over the preceding 36-month period. If the parties cannot agree on the Periodic Rent Adjustment, it will be determined by appraisal.

Comparable Space as used herein, shall mean and refer to space in the Building which (i) is neither more than forty (40%) percent larger nor more than ten (10%) percent smaller than the space that Tenant proposes to sublet or assign, (ii) is or can be made available for lease within six (6) months of the proposed occupancy date of the proposed assignment or subletting, and (iii) has been vacant and available for less than two (2) years. At least thirty (30) days prior to any proposed subletting or assignment, Tenant shall submit to Landlord a written notice of the proposed subletting or assignment, which notice shall contain or be accompanied by the following information:

Comparable Space means the Comparable Space as defined in Section 44 hereof.

Comparable Space means space comparable in size (with up to a 20% differential in number of rentable square feet, plus or minus) and (i) if the block of space offered by Tenant includes only one partial floor, then such space must consist of one full floor or one partial floor, (ii) if the block of space offered by Tenant includes only full floors, then such space must consist of the same number of full floors (and no partial floors), and (iii) if the block of space offered by Tenant includes one or more full floors and one or more partial floors, then such space must consist of not less than the same number of full floors and not more than the aggregate number of full and partial floors offered by Tenant;

Comparable Space means commercial space comparable to the Premises that is (i) comparable in size, location, and quality to the Premises; (ii) leased for a term comparable to the Renewal Term; and (iii) located in comparable industrial projects in the vicinity of the Building. In determining the Market Rate, the parties shall include all escalations and take into consideration free rent and other rental abatement concessions, if any and any tenant improvement allowance or other obligations to improve the Comparable Space, if any, being granted to tenants in connection with the Comparable Space.