What is a Floor Plate in Commercial Real Estate?
In commercial real estate, the floor plate is the amount of leasable square footage on an individual floor of a building. In multistory buildings, especially taller office properties in major urban areas, the floor plate on lower floors is likely to be larger than the the floor plate on higher floors. In some cases, a building's floor plate is also known as its footprint. A floor plate may also be described by shape, such as being square, rectangular, or in very rare cases, circular.