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In a multi-use building, does each Property Use have to meet the occupancy requirements? Follow

No. Occupancy requirements for certification are applied to the entire property, based on its majority type (called "EPA Calculated - Property Type").

Portfolio Manager only collects “% Occupancy” once, as a descriptor for the property as a whole (you do this on the Details tab, under Basic Information). This is for a 12 month average. So, you need to take all Property Uses into account when determining your property's Occupancy.

For example:

  • If you have a property that is combined Office/Retail/Multifamily and the majority type is Office, then the 50% occupancy rule applies. 
  • If you have a property that is combined Office/Retail/Multifamily and the majority type is Multifamily, then the 75% occupancy rule applies.
  • Using an example with numbers, say you have a 100,000 square foot property: 60,000 sf multifamily and 40,000 sf Office. The Multifamily space is 70% occupied (60,000 * .7 = 42,000 sq ft are occupied) and the Office is 100% occupied (40,000 * 1.00 = 40,000 sq ft are occupied).  The property has 82,000 sf occupied out of 100,000 sf, so the property is 82% occupied. Since the majority type is Multifamily, it must be greater than 75% occupied, and it is.
  • Property Types

    Gross Floor Area

    SF Occupied

    Multifamily

    60,000

    70% = 42,000

    Office

    40,000

    100% = 40,000

    Property Total

    100,000

    82,000 total -> 82%

     

Related: The only Property Use that can also enter Vacant Property Use is Office.

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