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If a balcony services all tenants on a single floor is it safe to assume it is a floor service area?
If a finished roof terrace services the entire building is it save to assume it is a building service area?
If a balcony or terrace services a single tenant is it save to assume it is part of the occupant area and the load factor will be applied to the total area?
Hi James,
Floor Service Area is defined as "A portion of a Floor that provides necessary Services or Circulation required for
the normal operation of the Floor thus enabling Occupants to work on the Floor." A balcony usually does not fall under this definition and therefore under most circumstances, should not be Floor Service Area. It is more appropriate to define the balcony as Inter-Building Service Area and allocate it proportionately to all the tenants on that floor.
A Finished rooftop terrace that serves the building may be Building Service Area or Building Amenity Area. In most cases, Building Service Area is appropriate as it is most likely considered to be permanent in nature.
If a balcony or terrace serves a single tenant, you should allocate it as a separately disclosed Tenant Area, in which case, the Load Factor would be applied to the balcony or terrace.
Thanks,
David
Hi David
What is the proportionate definition of pricing for balcony and terrace in both cases mentioned above?
For example, in our practice, we evaluate terrace as added amenities to GLA in general and price it from 30% -max 50% of the SQM pricing.
What is your opinion on this matter.
Thank you
Hi Shokir,
I'm sorry but your question is not something that we are able to answer here.
Thanks,
David