Physical and Economic Occupancy

To determine physical and economic average occupied area, you must set the Occupied Area Option processing option.

For economic occupancy, the system considers every day that a lease is assigned to a unit as occupied. The system multiplies the total number of occupied days by the unit area and accumulates for each leased unit. The total number of occupied area days is divided by the billing term to determine the average occupied area. For physical occupancy, the system applies the total of GLOA (gross leaseable occupied area) adjustment area types 1 –5 from the selected area definition.

If you leave the Occupied Area Option processing option blank, the physical and economic average occupied area is the same. If you set the processing option to 1, the system retrieves the GLOA adjustment area types 1–5 from the specified area definition and totals the amount of adjustment to be applied to the base average occupied area. If you set the processing option to 2, the system uses average occupied area from the Gross Lease Occupied Areas table (F15141) when the system is processing share factor denominator rules. The system stores the physical and economic occupancy results in the F15141 table.