It is great news that you have decided upon investing in a commercial space. However, before you actually put your resources in buying commercial office space it is extremely important that you have the measurements, so that you have for your business – the proper size office space. Therefore, it is essential that you not only have approximate space measurements but exact measurements. There are different organizations and associations both government and private that has created the proper standard for measuring space and only the legitimate and trusting Infrastructure companies in Delhi abide by these standards. For example – The Building Owners and Managers Association (BOMA)
Usable Area for Measurement Purposes
In determining dimensions, the usable area is the portion of the office space that can be used or occupied. When determining the usable area of the purchased space one should measure starting at the side of space and corridors (those with a permanent wall) and move to the partition’s centers. The buyer then takes all the measurements of the usable area and add them all to get the final area that is said to be the usable area.
Floor Occupiable Area for Measurement Purposes
The floor occupiable area is the area of the purchased premises, which the tenant can use. The dimensions for this part are taken from the innermost finished surfaces of the outer walls, without taking into account corridor walls or structures in the area. Floor occupiable area and usable area can be converted to one another by using the common area feature in measurements.
Common Area for Measurement Purposes
The common area of a building relates to the areas which are not technically included in the office area but can still be used by the owner. In other words, adding the pro rata common area space to the floor occupiable area space will provide the gross occupiable area.
Common Area Factor for Measurement Purposes
An important calculation is the common area factor which creates a ratio of the occupiable area to usable area of space. This loss factor or load factor shows what percentage of the office area can be used as the buyer space. The R/U -1 ratio will dictate what part of the space can be used by the buyer.
Reasons for Measuring Bought Premises
The calculations for measuring space may seem a bit confusing at first but when you put the measurements into their proper ratio format, you will see that the resulting measurements are quite easy to come by. There are a few different reasons why office space buyers would want to calculate the measurements of prospective space.
First, by doing so, the business owner can determine how much the space will cost and if it will be worth the money based on the amount of space being bought. Secondly, by measuring the space the future commercial office buyer can ensure that there will be plenty of room to accommodate all employees and carry out the business in an efficient manner by doing so in a proper amount of space.
Before you invest in a commercial space, it is important to determine how much space you will be getting in a particular price. By using the BOMA standard for measuring office space, you can ensure that your future loan installment is the perfect one for your needs.
If you find the above information confusing yet you need to invest in a commercial property while saving yourself from all the complexity and commitment of choosing and calculating things one after another, then it’s time you reach out to us. Our team of experts will guide you through by simplifying your requirements and real estate industry terms that are often complicating and tricky for investors.
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