Cost per Area (Leased) – RE Contracts metric

Determines or compares cost efficiency based on contract rentable area.

Details of the metric Description
Name Cost per Area (Leased) – RE Contracts
Category Financial
Analysis objective Determines which real estate leases have good or poor cost efficiencies. Determines which particular real estate costs are causing the inefficiencies. Uses time trend analysis to compare seasonal peaks, anomalies, or trends.
Description Facilitates internal trend analysis and external benchmarking by equating real estate costs as a function of the area managed.
Source BOMA, GSA
Measurement Total Real Estate Cost (leased) / Total Rentable Area
Dependent data that is calculated
  • Total Real Estate Cost: Lease real estate costs populated from Payment Line Items
  • Real Estate Lease (triREContract): Total Rentable Area
Roles RE Transaction Manager
Display chart types Value-based: Horizontal Grouped Bar Chart (Capture Period: Vertical Grouped Bar Chart)
Thresholds
  • Low Threshold: $20.21/RSF
  • High Threshold: $22.45/RSF
  • Range 1: Low/Caution/Yellow
  • Range 2: Medium/Positive/Green
  • Range 3: High/Negative/Red
Fact details Module: triMetricFact

Business Object: triREContractFact

Metric Queries: triREContractFact – Metric – Cost per Area - Leased
Drill paths
  • Geography
  • Organization
  • Capture Period
Interactive filters
  • Geography
  • Organization
  • Primary Use
For US Federal Government:
  • Geography
  • Organization
  • Real Property Type
  • Real Property Use
  • Mission Dependency
Static filters Active RE Contracts (Commencement Date <= TODAY AND Expiration Date >= TODAY AND Status NOT IN (’Retired’, ’Terminated’))
Time Months
Data point refresh rate Monthly
License dependency
  • Real Estate
  • Facilities
Functional dependency
  • Space Use Agreements (Real Estate)
  • Space Allocations (Facilities)