Rentable Area Survey

Measured surveys of floor space for assisting with rental calculations and property valuations.

At REALSERVE we understand that it is critical to know the accurate rentable area of your commercial property.

Our aim is to provide the highest quality floorplan area surveys provided in our unique Rentable Area Survey format that complies with the Method of Measurement as set out by the Property Council of New Zealand (formerly known as BOMA surveys).

A Rentable Area survey is a measured survey of the floor space for leasing purposes and is often used to assist with rental calculations or a property valuation. We are experienced in properly determining the rentable areas is essential to safeguarding the interests of both tenants and owners alike. A small miscalculation in the area of a property can have significant impact when multiplied over the course of a 10 or 20-year lease.
 

REALSERVE specialise in:

RENTABLE AREA SURVEYS (METHOD 1 & 2)

For Commercial Properties, calculating tenancy areas in Office Buildings and Office and Business Parks

RENTABLE  AREA SURVEYS (Method 4) 

For Industrial Sites, calculating tenancy areas in Warehouses, Industrial Buildings, Free Standing Supermarkets and Showrooms

RENTABLE  AREA SURVEYS (Method 3) 

For Retail Tenancies, calculating tenancy areas in Shopping Centres, Strip Shops and Free-Standing Shops in suburban streets.

We know incorrectly quoted building areas can lead to costly disputes even litigation. As industry leaders in the preparation of Rentable Area Surveys (PCNZ / BOMA Surveys), we ensure our surveys are undertaken to the highest level of accuracy by utilizing the latest surveying equipment.

Our Surveyors and technicians offer an unbiased and impartial interpretation of the Property Council of New Zealand guidelines and offer to our clients our years of experience in determining rentable areas.

REALSERVE provide accuracy and clarity in Rentable area surveys, and peace of mind for the agent, owner and tenant.

 

Rentable Area Survey Checklist

As-Measured Plan

  • Who drew the plan?
  • What influences or exaggerations have been laid out?
  • Standard of accuracy for lease line or areas

Survey Date

  • Most recent revisions
  • Which standard of measurement applies now vs the first plans?

Method of Measure

  • Have there been changes of premises use?
  • Pro rata divisions for shared space
  • Unique inclusions and exclusions per method
  • External face vs internal face measurement

Lease Line Definitions

  • Visible and graphically defined
  • Measurement processes clearly explained
  • RFW (Rentable Face of Wall) vs INT (Internal Wall)
  • Line of Tenancy Produced (LTP) for negotiated boundaries

Correct Areas Apportioned

  • All area properly separated with clear nomenclature
  • The exclusions are clearly outlines: - Base Building Surveys - Voids over Stairs, Mezzanines, et al - Low Head Heights at Stairs, Escalators and similar
  • The Inclusions are clearly outlined, i.e. - Exclusive Zones (Outdoors) and other negotiated areas - Columns - Stairs (for retail)

Comparisons to Older Plans

  • Architectural and/or PCNZ Measured Plans within tolerances; and
  • Similarities or differences compared to earlier work.

 

 

If you have questions relating to the Rentable Area Surveys, your needs and how best we can assist you, your local Realserve representative would be in a position to discuss at a time convenient to you. Click to have one of our experts call you back