System and method for evaluating office buildings for leasing

摘要

A system and method for calculating the amount of space that a user will be required to lease in various office buildings and providing a comparison so that the user can make educated decisions and pre-qualifications as to whether the building will be a viable leasing option for the user. In so doing, the system and method provide the user with relative values and target rental rates of the office buildings by considering the buildings' efficiency and corresponding amount of space the tenant will be required to lease. The calculated relative values and target rental rates may be used by tenants to evaluate building choices for leasing. The system may be configured on a network computer system or a standalone computer.

主权项

1. A system for calculating a relative value of an office building for use in evaluating building lease choices comprising:
a. memory storage having software which permits a user to input a building single tenant loss factor, a building multi-tenant loss factor, a landlord's stated rentable square feet for a space in the building, data relating to losses in actual usable space in the building and a rental rate for the building; b. a processor in communication with the memory storage and using the software to:
i) calculate an inefficiency factor for the building based on the data relating to losses in actual usable space in the building by;
A. calculating an inaccurate measurement loss based on a difference between the landlord's stated rentable square footage for space in the building and a rentable square footage for the space in the building calculated using standards;B. calculating a column loss based upon areas of column encumbering the space in the building if a column is present in the space of the building;C. calculating an unusual building shape loss based on a building side that is not flat if a side of the building is not flat or is at an angle other than approximately 90° with respect to an adjacent wall;D. calculating a window line encumbrance loss based on a perimeter of the space in the building and an encumbrance positioned at the perimeter if an encumbrance is positioned at the perimeter in the space of the building;E. calculating an unusual loss that does not fit into steps A. through D if such an unusual loss is present in the space of the building;F. adding the losses of steps A. through E.;G. dividing the added losses of step F. by the landlord's stated rentable square footage for a space in the building to calculate a net inefficiency;H. calculating the inefficiency factor based on the net inefficiency and the building single-tenant loss factor or the building multi-tenant loss factor;ii) multiply the rental rate by the inefficiency factor to obtain the relative value of the building; c. a display in communication with the memory and the processor, said display presenting to a user the relative value of the building.