Gross Floor Area Vs Net Floor Area

Areas are the foundation of a development appraisal and using the wrong area can cause significant changes in the profitability of a scheme.

Gross floor area vs net floor area.

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 floor area is the internal room space between face of walls. The gross floor. But when we talk about square meters do we all mean the same thing.

Gross floor area also include a sharepart of common areas lifts staircases. Occupancy load refers to the number of people permitted in a building at one time based on the building s floor space and function. In the business real estate world there is spoken of a gross floor area gfa and a rentable. The actual occupied area not including unoccupied accessory areas.

Adding to this confusion is the practice among some developers to use gross leasable area gla and gfa interchangeably or to use. Net area is the area required for specific uses such as. The floor area of a building or portion thereof not provided with surrounding exterior walls shall be the usable area under the horizontal projection of the roof or floor above. Gross area is the total area of the building measured to the exterior face of exterior walls.

The net floor area nfa of the private units in a residential condo building is typically 60 of the gross floor area gfa. The square meter is a very important aspect in the office market. The nfa of common property in our building is 40 of the gfa. There are different kinds of terms for this unit.

Classrooms laboratories offices. The answer is probably no. The floor area of a building or portion thereof not provided with surrounding exterior walls shall be the usable area under the horizontal projection of the roof or floor above. The gross leasable area is the total area designed for exclusive use by a commercial tenant plus common areas elevators common bathrooms stairwells and other parts of the building the tenant doesn t actually occupy.

The gross floor area shall not include shafts with no openings or interior courts. The main difference between gross area and floor area is that gross area may have an impact on loss estimates while touchstone does not currently use floor area in any loss calculations. Gross floor area gfa in real estate is the total floor area inside the building envelope including the external walls and excluding the roof. For accurate benchmarking purposes nfa must be calculated using a consistent methodology.

What is gross floor area gfa and what is lettable floor space lfs. Definitions of gfa including which areas are to be counted towards it and which areas aren t vary around the world.