Difference Between Gross Floor Area And Net Lettable Area

The area upon which the lease or rental payments are computed.

Difference between gross floor area and net lettable area.

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. In the case of external building walls measuring from the dominant portion of the outside faces of walls of the building alignment. Gross lettable area is the floor space within a tenancy at each level using the following rules.

Net rentable area is actual square footage of a building that may be leased or rented to tenants. 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 nfa of common property in our building is 40 of the gfa. The difference between net area vs.

The gross leasable area usually incorporates a core factor of 15 25 percent of more. W x l 7 63 x 15 63 119 25 sq. Psi pounds per sq. So that 5 000 sq.

In other countries gross floor area meaning is like hong kong s saleable area. In on gross area total. Gross area illustration of the difference between net area and gross area gross area net area gross area 119 sq. Gross lettable area retail gla r for retail tenancies in shopping centres commercial buildings and strip shops.

Net floor area is the internal room space between face of walls. 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. 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. So what is the gross leasable square feet then.

The actual square footage of the tenant s space is called the net rentable area of the space. Listed below are some examples of net floor area to help illustrate the relationship to gross floor area. This includes the the common areas of the building. It usually excludes common areas elevator shafts stairways and space devoted to cooling heating or other equipment.

The net floor area nfa of the private units in a residential condo building is typically 60 of the gross floor area gfa. Gross area x solid 119 25 x 0 52 61 88 sq. Office space that you are looking to lease probably isn t really 5 000 sq. Net area 62 sq.