How is the Floor Area Ratio (FAR) defined?

The Floor Area Ratio (FAR) is defined as the total building floor area divided by the total buildable land area on a property. This measurement is essential in urban planning, as it helps determine the relationship between the size of a building and the size of the land on which it is built. A higher FAR indicates a denser development, meaning more floor space relative to the land area, which can be a critical factor in zoning and land use decisions.

This definition emphasizes the focus on building density and land utilization, which is key in assessing how much space a developer can use on a given lot. By evaluating FAR, planners and architects can ensure that developments align with community goals regarding the scale and intensity of land use. Other options do not capture the precise regulatory context of FAR; for instance, some relate only to specific types of buildings or areas, while others introduce unrelated measurements such as parking. Therefore, the selected option accurately encapsulates the essence of FAR in the field of commercial real estate and urban development.