Sales per Square Foot
Sales per unit area (often expressed as sales per square foot in U.S. practice) is a retail performance measure that relates sales volume to store area. It is used to evaluate store productivity and compare locations or formats on an area-normalized basis.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Tenant performance reporting; leasing decisions; asset management
- Property types
- Retail (tenant and landlord analytics)
In practice
Comparability requires consistent "area" definition (rentable vs usable vs selling area) and a consistent sales reporting period.
Related terms
Operating Performance Metrics
- Average Daily Rate (ADR)
- EBITDA Per Available Room (EBITDA PAR)
- Gross Operating Profit Per Available Room (GOPPAR)
- Labor Cost Per Available Room (LPAR)
- Load Factor (Common Area Factor / Loss Factor)
- Net Effective Rent (NER)
- Occupancy Cost
- Occupancy Cost Ratio
- Rentable Area
- Revenue Per Available Room (RevPAR)
General information, not legal, tax or financial advice.