Estates Management record 2012/13 - Net Internal Area commercial spaceNetInternalAreaCommercialSpace
Estates Management record 2012/13
Fields required from institutions in Northern Ireland
Net Internal Area commercial space
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The fields in this entity contain data about the Net Internal Area (NIA) of space dedicated for commercial use.
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All higher education institutions (HEIs).
The term ‘commercial space/property’ (also called investment or income property) refers to buildings (or part buildings) or land intended to generate a profit or strategic benefit to the HEI, which might be from capital gain, rental income or collaboration benefits i.e. intellectual property rights or other. The arrangements may be by licence, lease or other formal arrangement.
In general, commercial space would be let to a third party, whose aims and objectives are not an integral part of the core function of the HEI. The floor area of any commercial space that is currently vacant, even if it has been let previously and may be again, should not be separately identified as ‘commercial’ if the costs associated with that space are included elsewhere within the HEI return.
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