AG HBU Practice Test Section 4 Flashcards
Gross building area is the
A. gross measured area less major vertical penetrations on that same floor.
B. sum of usable areas of office areas, store areas, and common areas of a floor.
C. total area of all floors of a building enclosed by the dominant portion of an exterior wall excluding all construction outside the building’s vertical line.
D. total floor area of a building, excluding unenclosed areas, measured from the exterior of the walls of the above-grade area.
D. total floor area of a building, excluding unenclosed areas, measured from the exterior of the walls of the above-grade area.
Floor area is the
A. sum of usable areas of office areas, store areas, and common areas of a floor.
B. total area of all floors measured from the exterior of the walls plus superstructure and substructure floor areas.
C. total area of all floors of a building enclosed by the dominant portion of an exterior wall excluding all construction outside the building’s vertical line.
D. total horizontal surface of a specific floor.
D. total horizontal surface of a specific floor.
Usable area is the
A. actual occupiable area of a floor or an office space.
B. gross measured area less major vertical penetrations on that same floor.
C. total area of all floors measured from the exterior of the walls plus superstructure and substructure floor areas.
D. total area of all floors of a building enclosed by the dominant portion of an exterior wall excluding all construction outside the building’s vertical line.
A. actual occupiable area of a floor or an office space.
Rentable area typically does NOT include
A. any element that penetrates through the floor.
B. internal hallways.
C. public corridors and lobbies.
D. toilets, HVAC rooms, and electric and telephone closets.
A. any element that penetrates through the floor.
A building’s efficiency ratio is the
A. building common area of the subject property divided by its floor rentable area.
B. building rentable area of the subject property divided by the building rentable area of its direct competition.
C. gross building area of the subject property divided by the gross building area of its direct competition.
D. rentable area of the subject property divided by its gross building area.
D. rentable area of the subject property divided by its gross building area.
Analysis of demand for office space by employment segmentation is based on which of the following relationships?
A. office employment housed in a particular class of office space and the capture rate of the property’s node
B. total employment housed in a particular class of office space and the average amount of space each worker occupies
C. total employment housed in office space and the current office occupancy rate
D. total employment in a community and total occupied office space
B. total employment housed in a particular class of office space and the average amount of space each worker occupies
For office space, capture analysis by the pro rata share method is based on which of the following relationships?
A. Demand for space in the subject property should be roughly equal to the ratio of total employment and total employment housed in a particular class of office space.
B. In an office market, demand should be distributed proportionately on average based upon the total supply of office space.
C. In an office market, supply should be distributed proportionately on average based upon the total demand for office space.
D. The relationship of demand to supply of office space is equal to the relationship of office jobs to total employment.
B. In an office market, demand should be distributed proportionately on average based upon the total supply of office space.
Property productivity analysis is most concerned with a property’s
A. legal and historic qualities.
B. market share, capture ratio, and segmentation.
C. physical, legal, and locational characteristics
D. physical, locational, and historical characteristics.
C. physical, legal, and locational characteristics
Segmentation of supply consists of grouping which of the following into categories based on similar characteristics?
A. office buildings
B. office employees
C. office property owners and/or managers
D. office space users
A. office buildings
Segmentation of demand is grouping which of the following into homogenous groups based on their characteristics?
A. office buildings
B. office employees
C. office property owners and/or managers
D. office space users
D. office space users
Which item is part of the macro location analysis for an office building?
A. competitive properties in other office nodes
B. relative comparison of the various office nodes
C. relative location of the subject property within the office node
D. traffic conditions around the subject site
B. relative comparison of the various office nodes
Which item is part of the micro location analysis for an office building?
A. linkages that connect the subject property’s office node to the metropolitan area
B. metropolitan growth paths
C. relative comparison of the various office clusters or nodes
D. relative location of the subject property within the office node
D. relative location of the subject property within the office node
What is the supportable office demand for the community?
A. 857,143 sq. ft.
B. 950,000 sq. ft.
C. 1,045,000 sq. ft.
D. 1,157,895 sq. ft.
D. 1,157,895 sq. ft.
1,100,000 ÷ 0.95 = 1,157,895
If supportable demand in Year 5 is 1,263,158 square feet, what will normal/ equilibrium vacancy be in Year 5?
A. 50,000 sq. ft.
B. 60,000 sq. ft.
C. 63,158 sq. ft.
D. 66,482 sq. ft.
C. 63,158 sq. ft.
1,263,158 – 1,200,000 = 63,158
An office building has a gross building area of 100,000 square feet, a net rentable area of 95,000 square feet, and a building usable area of 85,000 square feet. What is the building’s common area?
A. 5,000 sq. ft.
B. 10,000 sq. ft.
C. 15,000 sq. ft.
D. 20,000 sq. ft.
B. 10,000 sq. ft.
Rentable – usable = common area
95,000 – 85,000 = 10,000 sq. ft.
