Is this floorplan really 1477sf?

Many people always see condominium listing with their square footage listed and get excited.  Only to go to the space, look at the floorplan and feel the square footage has been made up by the owner or broker. 

In condominiums, that is what we're focusing on today, a broker or owner will get the square footage from the offering plan filed with the attorney general.

What most people don't realize is that most condominiums list the square footage and include a portion of the common areas.  Each apartment in a condo has a percentage of common elements attached to it's purchase, which is stated in the offering plan.  Most times, unless specified in the offering plan, the square footage listed is inclusive of the % of common elements associated with the unit.  So the listed square footage (the gross) will be more than the net interior square footage.  When selling, the acceptable and currently used format is to utilize the gross square footage.