Facility Management

Core Space
Core Space refers to the central areas of a building that house essential services like elevator banks, restrooms, stairwells, electrical services, and janitorial closets. This space is crucial for the functionality and accessibility of the building.
Intelligent Building
An Intelligent Building is equipped with advanced computer and electrical systems that sense and control the heating, cooling, lighting, and other building systems to ensure maximum efficiency and comfort.
International Facility Management Association (IFMA)
The International Facility Management Association (IFMA) is a global organization focused on advancing the practice of facility management by integrating principles of business administration, architecture, and behavioral and engineering sciences. The organization promotes excellence through education, advocacy, and networking opportunities for its members.
On-Site
On-site refers to operations or services performed directly at the location, often related to property management, development, or various other activities.
Space Planning
Space planning is the process of deciding the use and allocation of space for a proposed user, involving organizing and designing functional spaces within a building or area to optimize efficiency and accommodate activities effectively.

Real Estate Lexicon

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