What does NRA stand for in real estate?
Table of Contents
What does NRA stand for in real estate?
National Association of REALTORS®
What is net rentable area?
Net Rentable area includes the tenant’s premises plus an allocation of the common area directly benefiting the tenant, such as restrooms, common corridors, mechanical and janitor’s rooms and the elevator lobby on the tenant’s floor.
What is the difference between vacancy rate and availability rate?
Whether on a lease, sublease, or on sale, the available space is divided by the total inventory of occupied or unoccupied space. The difference between a vacancy rate and an availability rate is whether or not the property is vacant versus a property that is currently on the market for sublease.
What is direct asking rent?
Noun. Definition: Rental rate offered by the landlord to a prospective tenant.
What is NRA sq ft?
Another measurement term sometime used in commercial real estate appraisal is Net Rentable Area (NRA). Net rentable area is actual square footage of a building that may be leased or rented to tenants; the area upon which the lease or rental payments are computed.
Is the NRA taxed?
NRA is a non-profit tax-exempt organization.
How is BOMA rentable area calculated?
The BOMA Standards provide two methods of calculating Rentable Area. Only one method should be used throughout the entire building. In both methods, calculating the Rentable Area requires multiplying the total floor area by a ratio that represents the tenant’s portion of the floor.
How do you calculate vacancy rate in real estate?
The rate is calculated by taking the number of vacant units, multiplying that number by 100, and dividing that result by the total number of units. The vacancy rate and occupancy rate should add up to 100%. So if an apartment building has 300 units, and 30 units are unoccupied, it means the vacancy rate is 10%.
What vacancy rate should I use?
Vacancy rates can vary significantly between different areas of a single city. According to FitSmallBusiness, a good vacancy rate measures somewhere between 2 and 4 percent in a metropolitan area. However, vacancy rates tend to be higher in rural areas.
What is the difference between rentable and usable square feet?
Usable square feet is the space a tenant can use and occupy and has possession of. Rentable square feet is a real estate term, usually used for commercial spaces, for the amount of square feet the rent is based on. This area includes space outside of the actual rented area including stairways, lobbies, corridors, etc…
What is the difference between gross living area and gross building area?
The main difference between GLA and GBA is that below-grade living space is included in the GBA. Interior stairways, hallways, storage rooms and laundry rooms are part of the GBA. If the building has an exterior stairway, it is not included in the footage measurement.
What does NRA mean on tax return?
nonresident alien
A nonresident alien (NRA) usually is subject to U.S. income tax only on U.S. source income. The general rules for determining U.S. source income that apply to most nonresident aliens are shown below: See Chapter Two of Publication 519, U.S. Tax Guide for Aliens for additional details.
What is NRA revenue?
412.2 million USDNational Rifle Association / Revenue
What does Boma stand for in real estate?
Building Owners and Managers Association International
BOMA International—Building Owners and Managers Association International.
