week 3 Flashcards
absorption rate
Amount of floor space that has been leased in a given period (usually annually)
Figure expressed as a %
Indicator of supply and demand in the market
vacancy rate
Total vacant space as a ratio of total market stock
gross lettable area
Measurement of the whole building area;Minus;
Elevator shafts
Stair cases
Ducts etc.
net lettable area
Measurement of the GLA area
Minus areas not available to the tenant;
Corridors
Washrooms
Plant rooms
explain essencial safety measures
When the construction of a building is complete, the building owner is responsible for its upkeep and maintenance, particularly its safety features or essential safety measures.
The maintenance of essential safety measures will ensure that important safety systems within the building remain at the required operational level throughout the life of the building.
The type of maintenance needed depends on the complexity of the safety measures, equipment of feature and the maintenance program required or expected at the time of installation.
Aims to reduce risk to life and property in emergencies
Legislated under Part 12 of the Building Regulations Act 2006
Examines aspects including; o Exit doors o Emergency lighting o Fire extinguishers o Smoke alarms o Fire hydrants
explain essential safety measures and relevance with July 1 1994
Buildings built before 1 July 1994
o If the building was built before 1 July 1994, the owner is responsible for ensuring that any safety equipment, safety fittings or safety measures are maintained and fulfilling their purpose. This includes exits and paths of travel to exits.
Buildings constructed or altered since 1 July 1994
o If the building was constructed or altered since 1 July 1994, the list of essential safety measures would be included with the occupancy permit or certificate of final inspection.
o The owners of all Class 9 buildings, and Class 2 to 8 buildings constructed or altered since 1 July 1994, must have a current copy of the building’s occupancy permit on display in the building.
o These can be framed, placed in a sealed, transparent or glass covered notice board or for multiple pages, the pages may be laminated so they can be suspended or fixed in a prominent position in the building as approved by the building surveyor.
o Councils have responsibility under the Act for the enforcement of building safety within their municipality.
o The municipal building surveyor or chief officer of the relevant fire authority is responsible for the enforcement of the maintenance provisions of the Regulations.
o Building owners must prepare an annual essential safety measures report on the buildings essential safety measures.
o Issues
o Fines
o Insurance
steps in market analysis
- Define the product
- Market delineation
- Demand Analysis
- Supply Analysis
- Analyse interaction of supply and demand
- Capture analysis
explain define the product
o What’s our objectives?
o What profit margin do we want to make?
o What’s our finance levels?
o What uses are probable for the property based on the property’s physical, legal and locational attributes?
o Identification of planning, title and other elements here
exlain market delination
o Looking at the end product
o Who are the potential users or likely purchasers of your property
o You may have more then one potential idea, who is the end user for each different development alternative?
explain capture analysis
o Where is your buyer/ tenant from?
o Local area, outside area or overseas investors?
o Marketing?
o Pre sales?
barriers to sustanability
o Lack of access to capital
o Lack of knowledge and awareness around energy efficiency
o Perception that the energy efficiency investment won’t yield a return
o Lack of motivation
o Disruption to existing tenants
o Short-term thinking from owners
driver of sustainability
o Legislation o Risk of losing government tenants o Tenant vacancy o Rising cost of electricity o Equipment failure o Funding
types of development
- Speculative
2. Pre-commitment
purpose of development guidelines
o Aim to ensure that industrial and commercial areas are functional and attractive environments for business operators, workers, visitors and residents.
o Cover existing and future industrial and commercial when taking into consideration the local environmental.
o Landscaping, materials, colours and building forms
o Subdivision Design Guidelines
o Development Design Guidelines
subdivision guidelines key points
o Site responsive design o Access and circulation lot layout o Landscape and open space o Interface treatments o Stormwater management