Definitions Gross Lettable Area is the floor space within a tenancy at each level using the following rules: in the case of external building walls, measuring from the dominant portion of the outside faces of walls of the building alignment;
It is generally the floor area available for the exclusive use of a retail tenant measured to the outside face of exterior walls and the centerline of demising walls separating tenants. With effect from January 2014, Private enclosed spaces (PES) and private roof terraces (PRT) are counted as part of the bonus GFA capped at 10% above the Master Plan that also includes balconies.For a property with only one tenant, the measurements Specifically, gross leasable area is the total floor area designed for tenant occupancy and exclusive use, including any basements, mezzanines, or upper floors.
It is measured from the center line of joint partitions and from outside wall faces. It is generally comprised of office, warehouse, factory, or shops. Accessibility and usability are not criteria for exclusion from GFA. GLA in CRE is an abbreviation for gross lettable area. Let's start at the beginning. For each occupant, it is generally measured from the centerline of partitions that separate adjacent occupants, from the measure line on the exterior surface of exterior enclosures, from the lease line at common areas, and includes the full thickness of all other enclosing walls. In addition, this transaction includes the two fully let properties adjacent to Alojas Biznesa Centrs comprising a gross leasable area of 2,600 square metres, namely the retail property 'Alojas Kvartals', located on the same land plot, and a B class office building on Alojas iela 6, offering a future opportunity to extend Alojas Biznesa Centrs. The non-accountable GFA is further defined in Practice Notes for Authorized Persons, Registered Structural Engineers and Registered Geotechnical Engineers no APP-2.Permitted GFA in Hong Kong land lease agreement generally the maximum GFA (excluding the non-accountable above) to develop.
It is typically expressed in square metres (although in some places such as the United States, Canada and the United Kingdom, the square foot is used). Definitions of GFA, including which areas are to be counted towards it and which areas aren't, vary around the world. We are here to help. What does Gross Floor Area (GFA) and Lettable Floor Space (LFS) mean? That is, gross leasable are… In the business real estate world, there is spoken of a Gross Floor Area (GFA) and a Lettable/Rentable Floor Area (LFS). Learn from the experts.
Moreover, roof and other uncovered area is exclude in Permitted GFA but usually had restricted use as opening space, corridor or emergence escaping area. The gross floor area is the total area of the covered floor space measured between the centre line of party walls, including the thickness of external walls but excluding voids. Four points of … The floor space (FS) of a building represents the size of the building, such as GFA and LFS. Our Gross Lettable Area (for retail/industrial tenancies) and Net Lettable Area (for commercial tenancies) surveys are conducted in accordance with the method of … It is generally the floor area available for the exclusive use of a retail tenant measured to the outside face of exterior walls and the centerline of demising walls separating tenants. A GLAR (Gross Lettable Area – Retail) survey is the aggregate of floor space contained within a retail tenancy at each floor level measuring to the internal finished surface of the external building walls, centre line of inter tenancy walls and to the mall line in the scenario of retail shopfronts. 3.2 URA reserves the right to decide on GFA matters based on the specific design of a development proposal on a case-by-case basis. Since 2001, to encourage the incorporation of green features in building developments, further facilities could be excluded/disregard in GFA.3.1 All covered floor areas of a building, except otherwise exempted, and uncovered areas for commercial uses are deemed the gross floor area of the building for purposes of plot ratio control and development charge. However it may be further reduced by the effect of plot ratio, maximum site coverage, maximum permitted height of building and Outline Zoning Plan. Includes basements and mezzanines.The total enclosed floor area designed for the exclusive use of an occupant, including any basements, mezzanines, or upper floors.The total enclosed floor area designed for the exclusive use of an occupant, including any basements, mezzanines, or upper floors. No deduction is made for columns, any structural elements or occupant voids are within BOMA OFFICE GLA. In determining the gross floor area for the purposes of regulations 20, 21 and 22, the Building Authority may disregard any floor space that he is satisfied is constructed or intended to be used solely for parking motor vehicles, loading or unloading of motor vehicles, or for refuse storage chambers, refuse storage and material recovery chambers, material recovery chambers, refuse storage and material recovery rooms, refuse chutes, refuse hopper rooms and other types of facilities provided to facilitate the separation of refuse to the satisfaction of the Building Authority, or for access facilities for telecommunications and broadcasting services, or occupied solely by machinery or equipment for any lift, air-conditioning or heating system or any similar service. (L.N. Term used in retail leasing.
Adding to this confusion is the practice among some developers to use Subject to sub-paragraph (b), for the purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with the area of each balcony in the building, which shall be calculated from the overall dimensions of the balcony (including the thickness of the sides thereof), and the thickness of the external walls of the building. 406 of 1987; 39 of 2000 s. 7)