Average Floor Area Ratio For Strip Retail

Thus if 50 000 square feet of floor space is devoted to retailing and 150 000 square feet to parking area we would say the ratio is 3 1.

Average floor area ratio for strip retail. A facility with an 11 to 1 land to building ratio might be under utilizing the land and this would result in some added value for additional space. Lot area of 80 000 sq. The floor area ratio is one of those little tools that get put into the zoning code mix generally employing a mix of maximums and minimums to ensure a proper goldilocks size and to shape. As with any city vacancies drastically impact prices and are a great leveraging factor in negotiations.

The floor area ratio of a 1 000 square foot building with one story situated on a 4 000 square foot lot would be 0 25x. Maybe it goes way back but if it does it would be highly unusual. Download original report pdf grant of power for the purpose of promoting health safety morals or the general welfare of the community the legislative body of every municipality is hereby empowered to regulate and restrict the height number of stories and size of buildings and other structures the percentage of lot that may be occupied the size of yards courts and. 4 9 floor area.

They should go all the way back to the back of the lot. A two story building on the same lot where each floor was 500 square feet. It is established by individual jurisdictions usually cities or towns. Zoning floor area measured as zoning gross square feet zgsf zoning floor area is a measurement of a building for the purposes of adhering to a municipality s zoning code.

The following images depict net assignable area in purple. Block c block e lot area is roughly 81 900 sq. Not ten but nowhere near deep enough to provide adequate retail space. Land to building ratio should provide 20 25 of your site dedicated to.

The quantity of parking space is measured in two ways. Cleveland s early 2017 regional average on retail space was 12 13 per square foot thanks to an average of an 11 percent vacancy rate in city wide retail spaces. Another property with a ratio of 2 5 to 1 could be at maximum capacity or in violation of current codes due to grandfather clauses. A prospective tenant cares more that it will be seen than what type of wall sconce you put on your massive stone columns.

60 300 square feet of retail and 310 residential units are proposed for this block. And note that the description says 3500 sq ft of retail and that strip looks 100 feet long which means an average depth of 35 ft. Proposed residential units are 1 100 sq. 4 9 floor area ratio.

A retail center must draw attention first to the tenants and let customers know what they are selling.