Back
News

Mainly for Students: The measuring game

The Latin motto of the Royal Institution of Chartered Surveyors is “est modus in rebus”, which translates into English as “there is measure in all things”. Surveyors are expected to know about the size and shape of things and, in turn, their utility, cost and worth. This edition’s focus is broadly about measurement and how big or small things are and a little bit about scale. The reason for this topic is that some students, especially in their first year, find it hard to guess and/or appreciate the size of things – and others may have blind spots with numbers generally. Whatever the case, it is important to build up knowledge and competence in both formally measuring or “guesstimating” the size and shape of places, spaces, buildings and their components.

Let’s look at property sales ads

If you stop reading this article for a moment and flick through the rest of the magazine, hard copy or digital, you will see many pages devoted to advertisements for properties for sale or letting. Quite often the advertisement will give a site size, the size of the building overall and, sometimes, its footprint. Looking at one from a previous edition, a piece of land of 1.05 acres close to a London Underground station was being sold for possible residential development. On the site was an existing one-storey building of 18,298 sq ft.

So the question is: what proportion or percentage of the site does the building take up – and how big is just over an acre? If you are a first-year student, you might also be thinking: “why the heck isn’t it in metric?” Most ads are normally in both imperial (feet and acres) and metric (metres and hectares), but the property world works in both – and commercial rents are nearly always quoted in pounds per sq ft.

Start your free trial today

Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.

Including:

  • Breaking news, interviews and market updates
  • Expert legal commentary, market trends and case law
  • In-depth reports and expert analysis

Up next…