Retail rents are often analysed using zoning, which reflects the tendency for sales space nearer the shopfront to command greater rental value than space deeper within the unit.
What is ITZA?
ITZA means ‘in terms of Zone A’. Areas outside Zone A are converted to Zone A equivalents using the adopted zoning convention, allowing differently configured shops to be compared on a common basis.
It is an analysis tool
ITZA is not a substitute for judgement. Frontage, configuration, return frontage, location, pitch, basement or upper floors, servicing, permitted use and lease terms may all require consideration.