What is Net Lettable Area and How Does It Affect Your Property?
Net lettable area (NLA) is a key term for property owners, builders, and developers. It’s essential for understanding rental space and property management. In this guide, we’ll explain NLA, how to calculate it, and why it’s crucial for your land survey. At East West Surveyors, we specialize in providing accurate measurements for properties across Greater Sydney, including Wollongong and Newcastle.
What is Net Lettable Area?
Net lettable area (NLA) refers to the actual floor space available for lease or rental. This is different from gross lettable area (GLA), which includes shared spaces like hallways, elevators, and common areas. For property owners, knowing your NLA helps with pricing, leasing, and managing your commercial property.
Net Lettable Area vs Gross Lettable Area
Understanding the difference between net lettable area and gross lettable area is vital. NLA is the space that tenants can actually use, while GLA includes all areas within a building. For example, if you’re leasing an office, the NLA would be the usable area within the office, while the GLA includes the lobby, hallways, and amenities.
How to Calculate Net Lettable Area
Calculating NLA can be a complex task, especially for larger properties. It’s important to measure the internal dimensions of the space and exclude areas like common spaces. A certified land surveyor like East West Surveyors can provide precise measurements to ensure your property is accurately represented.
Why You Need a Professional Land Surveyor
Having a professional land surveyor measure your NLA ensures accuracy. At East West Surveyors, we use advanced technology to provide fast turnaround times and reliable results. Our team is certified and has years of experience in serving the Greater Sydney area, including regional locations like Wollongong and Newcastle. This expertise ensures that your property’s NLA is measured correctly.
Frequently Asked Questions (FAQ)
Before a land survey, make sure to have access to the property and any existing floor plans or documents that might assist in the process. Clearing the area of obstructions helps ensure a smoother survey.
Our land survey reports include precise measurements, boundary lines, and details about your property’s net lettable area. We provide clear, easy-to-understand reports that you can use for planning, leasing, or selling.
To calculate NLA, we measure the internal floor space of your property and subtract any shared or non-leasable areas. Our certified surveyors ensure that all measurements are accurate and up-to-date.
Knowing your property’s NLA helps you set appropriate rental prices and better manage leasing agreements. It also ensures you’re compliant with industry standards and can avoid disputes with tenants.
Call to Action
Get in touch with us today to discuss your land surveying needs and receive a free quote. Whether you’re a homeowner, builder, or property developer in Sydney, Wollongong, or Newcastle, East West Surveyors is here to assist you. Call us now or fill out our online form to book a consultation!