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For a property with only one tenant, the measurements gross floor area (GFA) and gross leasable area (GLA) are essentially equal. The Building Owners and Managers Association has established a standard with American National Standards Institute, ANSI/BOMA Z65.1-1996 for measuring floor area and calculating gross leasable area and loss factor. [8]
Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [ 1 ]
The effective usable surface area, known as the "superficie Carrez", is the total enclosed floor area of an apartment or other construction discounting walls, partitions, staircases and stairwells, piping and electricity conduits and ducting, window and door embrasures. Parts of the enclosed area which are of less than 1.8 metres (5.9 ft) in ...
Loss factor may refer to: . Loss factor, in real estate the percentage of the building's area shared by tenants or space that are dedicated to the common areas of a building used to calculate the difference between the net (usable) and gross (billable) areas.
BOMA first published the Standard Method of Floor Measurement for Office Buildings in 1915 which became the BOMA Method for the Measurement of Buildings. [3] Since then, it has become an international standard for determining the dimensions of buildings. [4] [5] The American National Standards Institute recognizes this standard as ANSI Z65. [3]
Simpson's rules are used to calculate the volume of lifeboats, [6] and by surveyors to calculate the volume of sludge in a ship's oil tanks. For instance, in the latter, Simpson's 3rd rule is used to find the volume between two co-ordinates. To calculate the entire area / volume, Simpson's first rule is used. [7]
total floor area. The total floor area is the area contained within the external walls of the property. The figure includes internal walls, stairwells and the like, but excludes garages, porches, areas less than 1.5 metres (4 ft 11 in) high, balconies and any similar area that is not an internal part of the dwelling. [7]
In commercial real estate in the US, a building's loss factor is the percentage of the building's area shared by tenants or space that are dedicated to the common areas of a building used to calculate the difference between the net (usable) and gross (billable) areas. [19]