Difference Between Gross Floor Area And Net Lettable Area

Office space that you are looking to lease probably isn t really 5 000 sq.

Difference between gross floor area and net lettable area.

This is the floor area that can be used by tenants. The actual square footage of the tenant s space is called the net rentable area of the space. Net area is soley the working office space gross area includes all or a proportion of if a shared office the circulatory spaces including stairwells lifts toilets and entrance lobbys etc. Net floor area is the internal room space between face of walls.

The gross leasable area usually incorporates a core factor of 15 25 percent of more. In other countries gross floor area meaning is like hong kong s saleable area. It usually excludes common areas elevator shafts stairways and space devoted to cooling heating or other equipment. Gross area illustration of the difference between net area and gross area gross area net area gross area 119 sq.

Listed below are some examples of net floor area to help illustrate the relationship to gross floor area. This term is also called net leasable area nla in some areas. The floor area within the inside perimeter of the exterior walls of the building under consideration exclusive of vent shafts and courts without deduction for corridors stairways closets the. The net floor area nfa of the private units in a residential condo building is typically 60 of the gross floor area gfa.

Gross lettable area retail gla r for retail tenancies in shopping centres commercial buildings and strip shops. The nfa of common property in our building is 40 of the gfa. Gross area x solid 119 25 x 0 52 61 88 sq. So that 5 000 sq.

Net rentable area is actual square footage of a building that may be leased or rented to tenants. Psi pounds per sq. Gross lettable area is the floor space within a tenancy at each level using the following rules. Net area 62 sq.

So what is the gross leasable square feet then. The area upon which the lease or rental payments are computed. In on gross area total. So if the net leasable space is 11 500 square feet the gross leasable area is the area adding back the common area square footage of 3 500 square feet.

The difference between net area vs. Saleable floor area include full thickness of external walls half thickness of walls shared with other units internal walls thickness as well as balconies but exclude bay windows. Net lettable area nla which is used for office buildings and tenancies. Calculating the lettable area of a tenancy can be difficult a s all buildings are unique and each has its own unique set of conditions.