Setting Your Site's Leasable Area, Occupancy, and Utility Meters

Telling Measurabl which spaces within your building are available for lease to tenants vs common area not only makes your reporting more accurate, it unlocks the ability to define which part of your building each individual meter serves. It's simple to do, and you'll start within the "Site Profile" window, which you can open by clicking the "Edit" button next to your site's name at the top of the "Site Overview" tab. 

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Enter your site's leasable spaces:

  1. Within the top table in the "Spaces" tab you can designate the spaces within your building that can be leased to tenants. You can add as many spaces as needed. The total "Gross Leasable Area" will sum the floor area of each of the leasable spaces you've added. 

Set Occupancy Rates:

  1. The more frequently you track changes in occupancy within the "Control" tab the better, so update your site's occupancy rate in Measurabl each time it changes. Initially, we recommend entering 2 rates - the average rate in each 12 month period over the prior 24 months. From there, please add a new occupancy rate any time you sign new leases or a tenant moves out.

Tell Measurabl what part of your building a meter serves:

  1. Once inside a building, click on its "Utilities" tab. You'll see your utility meters broken out by type e.g. electric, fuel, water.
  2. For each type of utility, you can tell Measurabl whether these meters serve the "Whole site" or "Common & Tenant Spaces". If you know some meters serve common or tenant areas, select this option and hit "Save".
  3. Now, click on a meter and select the correct type of service from the dropdown menu labeled "Serving". Your options are "common area", "tenant paid by landlord", "tenant paid by tenant", and "exterior areas".

Need help? Email or schedule a call with our Customer Success Team.

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