blog.gmaven.com Open in urlscan Pro
50.87.171.205  Public Scan

Form analysis
2 forms found in the DOM

GET https://blog.gmaven.com/

<form class="w-form-row for_text" action="https://blog.gmaven.com/" method="get">
  <div class="w-form-row-field"><input type="text" name="s" placeholder="Search" aria-label="Search" value=""></div><button aria-label="Close" class="w-search-close" type="button"></button>
</form>

POST https://blog.gmaven.com/wp-comments-post.php

<form action="https://blog.gmaven.com/wp-comments-post.php" method="post" id="commentform" class="comment-form" novalidate="">
  <p class="comment-notes"><span id="email-notes">Your email address will not be published.</span> <span class="required-field-message">Required fields are marked <span class="required">*</span></span></p>
  <div class="w-form-row for_textarea required">
    <div class="w-form-row-field">
      <textarea aria-label="Comment" name="comment" placeholder="Comment *" data-required="true" aria-required="true"></textarea>
    </div>
    <div class="w-form-row-state">Fill out this field</div>
  </div>
  <div class="w-form-row for_text required">
    <div class="w-form-row-field">
      <input aria-label="Name" type="text" name="author" value="" placeholder="Name *" data-required="true" aria-required="true">
    </div>
    <div class="w-form-row-state">Fill out this field</div>
  </div>
  <div class="w-form-row for_email required">
    <div class="w-form-row-field">
      <input aria-label="Email" type="email" name="email" value="" placeholder="Email *" data-required="true" aria-required="true">
    </div>
    <div class="w-form-row-state">Please enter a valid email address.</div>
  </div>
  <div class="w-form-row for_agreement required">
    <div class="w-form-row-field">
      <label>
        <input type="checkbox" class="screen-reader-text" value="1" data-required="true" aria-required="true" name="wp-comment-cookies-consent">
        <span class="w-form-checkbox"></span>
        <span>Save my name, email, and website in this browser for the next time I comment.</span>
      </label>
    </div>
    <div class="w-form-row-state">You need to agree with the terms to proceed</div>
  </div>
  <!-- Mailchimp for WordPress v4.9.1 - https://www.mc4wp.com/ --><input type="hidden" name="_mc4wp_subscribe_wp-comment-form" value="0">
  <p class="mc4wp-checkbox mc4wp-checkbox-wp-comment-form "><label><input type="checkbox" name="_mc4wp_subscribe_wp-comment-form" value="1"><span>Sign me up for the newsletter!</span></label></p><!-- / Mailchimp for WordPress -->
  <p class="form-submit"><button type="submit" class="w-btn us-btn-style_1"><span class="w-btn-label">Post Comment</span></button> <input type="hidden" name="comment_post_ID" value="8562" id="comment_post_ID">
    <input type="hidden" name="comment_parent" id="comment_parent" value="0">
  </p>
  <p style="display: none;"><input type="hidden" id="akismet_comment_nonce" name="akismet_comment_nonce" value="bbb4e37f23"></p>
  <p style="display: none !important;"><label>Δ<textarea name="ak_hp_textarea" cols="45" rows="8" maxlength="100"></textarea></label><input type="hidden" id="ak_js_1" name="ak_js" value="27">
    <script type="rocketlazyloadscript">document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );</script>
  </p>
</form>

Text Content

 * Gmaven
 * Blog
   * All Posts
   * Industry Intel and News
   * CRE Innovation
   * PropTech Tips
   * CRE 101
   * CRE Tech Investing
   * CRE Dictionary
 * Gmaven FAQ’s
 * Contact
 * 




Gmaven customers
Sign in



CRE DICTIONARY

 1. Home
 2. 
 3. CRE Dictionary
 4. 
 5. Weighted average lease expiry


WEIGHTED AVERAGE LEASE EXPIRY



The weighted average lease expiry (or WALE) is one single number that shows a
(more relevant) average of many leases. These leases can cover one property or
many properties.

In an ordinary average, each of the lease expiries contributes equally to the
final number.

In a weighted average, some lease expiries contribute more than others.

Weighted average lease expiry is one measure of the quality of the property’s
cash flows: it points to the predictability of future contracted revenues.

WALE is the same as WAULT, short for weighted average unexpired lease term, and
WALT (weighted average lease term).


EXAMPLE OF WEIGHTED AVERAGE LEASE EXPIRY

One property with many leases, of different sizes, and different expiry dates

 * Lease 1 | 1,000 sqm | 12 months
 * Lease 2 | 5,000 sqm | 36 months
 * Lease 3 | 4,000 sqm | 48 months

The total space is 10,000 sqm.

Average value: 32.0 months 

Calculation: ( 12 months + 36 months + 48 months) / 3 leases = 32.0 months

Weighted average value: 38.4 months

Calculation: ( lease 1’s 1,000 sqm / total 10,000 sqm x 12 months ) + (lease 2’s
5,000 sqm / total 10,000 sqm x 36 months ) + (lease 3’s 4,000 sqm / total 10,000
sqm x 48 months ) = 38.4 months

Note: in the above, we have weighted the lease expiries by space.

Instead of space (first variable below), lease expiries can be weighted, using
the same principles as above, by other values:

 * Space (for example GLA or rentable area, or usable area)
 * Total monthly lease rental value (e.g. R / sqm x sqm)
 * Gross rental / sqm / month
 * NPV of future gross rentals (taking into account including escalations)

In other words, the space value in our calculation above can be substituted with
each of the above (or others), as is most meaningful and appropriate to users of
your calculation.


RELATED TERMS

TENANT’S PROPORTIONATE SHARE

EFFECTIVE INTEREST

NOMINAL INTEREST

PARKING RATIO

WEIGHTED AVERAGE RENTAL

PRO RATA




LEAVE A REPLY CANCEL REPLY

Your email address will not be published. Required fields are marked *

Fill out this field
Fill out this field
Please enter a valid email address.
Save my name, email, and website in this browser for the next time I comment.
You need to agree with the terms to proceed

Sign me up for the newsletter!

Post Comment



Δ


CONTENT CATEGORIES

 * CRE 101 (4)
 * CRE Innovation (14)
 * CRE Tech Investing (3)
 * Industry Intel and News (20)
 * PropTech Tips (8)

Browse all


CRE DICTIONARY

 * Weighted average lease expiry
 * Gross rentals
 * Sub-divisible
 * GLA
 * Parking ratio

Browse all

SUBSCRIBE TO MAVENWAY

Get access to the CRE industry’s best insights, sent roughly once a month




ABOUT US



What we do

Data services

CRE software


USEFUL LINKS



Blog

CRE dictionary

FAQ’s


CONTACT



Email: info@gmaven.com

Office tel: +27 (0) 10 142 1360

Facebook
Instagram
LinkedIn
Twitter
YouTube

© Gmaven

Website built by D9 CRE 

Icons made by Freepik from www.flaticon.com is licensed by CC 3.0 BY

Menu