Recommended Method for Measuring Leasable Areas

This recommendation defines the terms and concepts required for the measurement of leasable areas; sorts the various areas into different leasable categories; explains the principles of area definition; and, based on the above, proposes a method for the analysis and calculation of leasable areas. It also introduces the concept of lease value ratio. The calculation method is recommended for use in the case of multitenantoffice buildings, although it can also be applied to single-tenant properties.