Object area
What is it?
The key figure shows the total area of all rental objects in a portfolio or for a specific property. It represents the total usable area available for rent – and may include, for example, residential, office space, shops, warehouses, or other types of rentable space.
This ratio provides an overview of the aggregate size of the rental portfolio and can be useful for property managers and property owners when planning and managing their properties, including leasing, maintenance and investment decisions.
How is it calculated?
Number of m² summed
* Only the area of the rental object is included.
Why is it important to follow?
Following the key figure is important for several reasons:
Inventory management: It provides an overview of the total size of the rental inventory, which is essential for effectively managing and planning maintenance, renovations and upgrades.
Leasing strategy: The information about the total area helps the organization to develop a strategy for leasing and to maximize the utilization of the available areas.
Financial planning: The key figure provides a basis for budgeting and financial planning, including determining rents and expected income.
Investments and development: It is useful in real estate investment decisions, e.g. whether it is worth expanding or developing rental properties further.
In summary, the key figure provides valuable information for property management and financial planning. It is an important tool for effectively managing the property portfolio and making strategic decisions about letting and investments.
Created by Homepal
11/1/2023
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