Grounded Theory For Assessing Economic Well-Being Loss Of Abandoned Shopping Centre Project
Table 2:
| Example Development | 1,000 sqm GIA development of General Office space |
| Appraisal | NIA derived by applying benchmark:1,000 sqm x (100-15)% = 850 sqm NIAOR1,000 sqm x (100-20)% = 800 sqm NIAThe figure used will depend on the level of space efficiency anticipate at the building. For more efficient buildings, use a lower conversion percentage of 15% |