What are some of the physical factors that function as financial variables in a property's feasibility? (page 12-11)
1. Legal / regulatory factors: zoning, building codes, insurance requirements, approval processes in government bodies, and environmental impact of site activity.
2. Base building factors: HVAC, historical patterns of building maintenance, condition of building envelope (especially the roof), electrical system capacity, telephone signal network, lighting system, finsihes, and type of sprinkler system.
3. Tenant space factors: Floor plate size and shape, space measurement systems, mullion spacing, usable/rentable/gross efficiency, and accessibilty to systems via raised flooring or demountable walls.
4. Organizational Characteristics of Tenants or Occupants: Growth rates and patterns, churn rates and patterns, historical patterns of how space has been funded and acquired, space standards, adaptability of workforce to hoteling and telecommuting, in-house decision-making responsiveness, degree of technology intensiveness, and stance of real property organization.