definition
strict definition
retail area
The usable floor area devoted to retail use in a structure, whether vacant or occupied.
The retail area of a structure is the total amount of usable floor area devoted to retail use, regardless of whether it's vacant or occupied.
The usage areas do not add up to the building. They are measured from usable floor area, so walls, columns and shafts are outside them, and a mixed-use building normally has floor space that belongs to none of them. Adding them together therefore gives less than the gross floor area and is not a way to check either figure.
Vacancy does not change the value. Space devoted to retail use remains part of the retail area while vacant.
Related definitions
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data center area
The usable floor area devoted to data center use in a structure, whether vacant or occupied. -
hotel area
The usable floor area devoted to lodging use in a structure, whether vacant or occupied. -
office area
The usable floor area devoted to office use in a structure, whether vacant or occupied. -
residential area
The usable floor area devoted to residential use in a structure, whether vacant or occupied. -
total parking area
The usable floor area devoted to parking use in a structure, whether vacant or occupied.