Lettable Floor Area

A shop unit could typically be 123m further definition in rics measurement guide may also be presented as a ratio or percentage of gifa.

Lettable floor area.

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. The whole floor net lettable area is calculated by. The nen 2580 is the most accepted framework for this unit in the netherlands.

The m or ft of the floor area of the lettable unit. 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. Included in the lettable area. Let s start at the beginning.

Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof. Used to calculate the return on the investment. The net lettable area of a building is the sum of its whole floor lettable areas. Floor area is expressed in square meters m.

Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. The floor space fs of a building represents the size of the building such as gfa and lfs.