Component: RE
Component Name: Real Estate Management
Description: A factor that quantifies a space type. Normally the dimension is used for this such as m2, sqft, but other units of measurement may be used.
Key Concepts: Space factor is a term used in SAP Real Estate Management (RE) to describe the ratio of usable space to total space in a building. It is calculated by dividing the usable space by the total space and is expressed as a percentage. For example, if a building has 1,000 square feet of usable space and 1,500 square feet of total space, its space factor would be 66.7%. How to use it: Space factor is used to measure the efficiency of a building's layout. It can be used to compare different buildings or different layouts within the same building. It can also be used to determine how much usable space can be gained by making changes to the layout of a building. Tips & Tricks: When calculating the space factor, it is important to include all areas of the building, including hallways, stairwells, and other common areas. These areas should not be excluded from the calculation as they are still part of the total space of the building. Related Information: Space factor is related to other terms such as floor area ratio (FAR) and gross floor area (GFA). FAR is calculated by dividing the total floor area of a building by the total area of the lot on which it sits. GFA is calculated by adding up all of the floor areas in a building, including hallways and other common areas.
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