Difference Between Net Lettable Area And Gross Floor Area

Net lettable area sub divided floors same as above but measure to the centre line of inter tenancy walls or partitions except where the walls or partitions adjoin public areas such as lobbies and corridors in which case measure to the line of the dominant portion of their public area faces.

Difference between net lettable area and gross floor area.

Gross lettable area is the floor space within a tenancy at each level using the following rules. There are three generally accepted methods of measuring building areas. The lettable area is a measurement of the floor space and or land area of a property and is used to assist in rental calculations and property market assessments. 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. Net internal area covers all of those areas that can be used for a particular purpose. Gross lettable area also known as gross leasable area gla is the amount of floor space which is available for rent in a commercial property. So that 5 000 sq.

Basically it is the actual square unit of a building that may be leased or rented to tenants and is the area used to compute the lease or rental payments. The gross leasable area usually incorporates a core factor of 15 25 percent of more. In the case of external building walls measuring from the dominant portion of the outside faces of walls of the building alignment. How is building or lettable area calculated.

Listed below are some examples of net floor area to help illustrate the relationship to gross floor area. Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world. 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. The nfa of common property in our building is 40 of the gfa.

The actual square footage of the tenant s space is called the net rentable area of the space. Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. The net internal area nia of a building is the usable area measured to the internal finish of the perimeter or party walls ignoring skirting boards at each floor level.