This office lease form describes provisions for using the area with respect to each office floor, mean the area within the exterior walls of the Building and, in the case of the lobby floor, the area within the demising walls of areas rented or to be rented which is considered floor area .
Pennsylvania Provision Using Floor Area as the Measurement Standard for Midtown Manhattan Modern Office Towers
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Update on August 25, 2023 For residential houses, the 1.5 m-wide balcony will no longer be part of Floor Area Ratio. The Floor Area Ratio for industrial plots has been increased from 1.5 to 2. For electronics manufacturing, it has increased from 1.5 to 3.
Floor area ratio (FAR) is the measurement of a building's floor area in relation to the size of the lot/parcel that the building is located on. FAR is expressed as a decimal number, and is derived by dividing the total area of the building by the total area of the parcel (building area ÷ lot area).
Each zoning district has an FAR which, when multiplied by the lot area of the zoning lot, produces the maximum amount of floor area allowable on that zoning lot. For example, on a 10,000 square foot zoning lot in a district with a maximum FAR of 1.0, the floor area on the zoning lot cannot exceed 10,000 square feet.
GROSS FLOOR AREA: Gross floor area is the total number of square feet measured between the exterior surfaces of the enclosing fixed walls.
