Building Efficiency Ratio signifies the proportion of a building's usable floor area as compared to its total area. It is a crucial metric used to determine the efficiency of a building’s design and its space utilization.
Clear span refers to the unobstructed, open area in a building or structure, typically measured height-wise, allowing for more efficient use of space for various applications such as storage, manufacturing, or events.
Net Leasable Area (NLA) represents the precise space within a commercial property that can be rented to tenants. It is a critical metric for landlords and investors when estimating potential rental income.
A Relocation Clause is a lease stipulation that allows a landlord to move a tenant to another location within the same building or complex. This clause provides flexibility for the landlord to maximize space utilization and cater to new tenants seeking specific floor plans.
