Developer standard
Standard open space means raised floors (if possible), carpeting, air conditioning and ventilation installations (most often ceiling) suspended ceiling, ceiling lighting, fire alarm system and depending on the building class other building systems improving security e.g., sprinkler system.
Discount rate
The interest rate used in determining the present value of future cash flows. The higher the rate the lower current value of cash flows.
Effective rent
equals nominal or headline rent minus concessions or allowances (rent free periods, financial contribution) Some developers also includes additional fit-out costs into calculation of effective rent.
ERV
Estimated Rental Value states the valuer?s opinion as to the open market rent for gross leasable area which could reasonably be expected to be achieved on the subject property at the time of valuation, usually expressed on an annual basis.
Fit-out
preparation of leasable space in accordance with tenants? detailed criteria.
Floor area ratio
a density measure expressing the ratio between a building's total floor area and its site coverage. This index is used in local development plans to determine.
Floor box
Electrical junction box is mounted in the raised floor and sometimes in the openings cut out in the screed. The box contains ordinary and safe sockets, as well as data jacks to connect network equipment such as computers, printers etc.
Floor height (gross)
the height of floor measured from the floor surface (carpeting) to the suspended ceiling.
Floor height (net)
floor-to-floor height measured from the top of one floor plate to the next successive floor plate.
Floor loading
In office buildings an average floor loading is 350kg/sq.m. The floor near vertical circulation core is additionally reinforced to allow it to locate a server room. In such places floor loading is most commonly 500-600kg/sq.m.

Important term missing?

If an important new or specialist term is not included in our glossary, please enter the term and its definition to help us improve it.

secure Refresh