Floor Area Ratio (Far)
In the context of location intelligence and home buying, Floor Area Ratio (FAR) is an important concept that helps homebuyers understand the density and scale of development in a particular area. FAR is calculated by dividing the total floor area of a building by the total area of the lot on which it is situated.
Key aspects of Floor Area Ratio include:
- Density control: FAR is often used by local zoning authorities to regulate the density of development in different areas of a city. Higher FAR values indicate more intensive land use and taller buildings, while lower FAR values typically result in smaller buildings with more open space.
- Building size and massing: FAR directly influences the size and massing of buildings on a given lot. A higher FAR allows for more floor area to be built, which can result in taller or more expansive structures. Conversely, a lower FAR limits the total floor area, leading to smaller or less dense buildings.
- Land use efficiency: FAR is a tool for measuring the efficiency of land use in a given area. Higher FAR values suggest that land is being used more intensively, accommodating more floor area on a smaller footprint. This can be advantageous in urban areas where land is scarce and expensive.
- Neighborhood character: The FAR of buildings in a neighborhood contributes to its overall character and feel. Areas with consistently high FAR values may have a more urban, dense, and vertically-oriented character, while those with lower FAR values often have a more suburban or low-rise character with more open space.
When considering a home purchase, understanding the Floor Area Ratio of the property and the surrounding neighborhood can provide insights into the density, scale, and character of the area. This information can help homebuyers assess whether the neighborhood aligns with their preferences for living space, access to open areas, and the overall built environment.
