What is architectural space in SAP RE - Real Estate Management?

SAP Term: architectural space

• Component: RE

• Component Name: Real Estate Management

• Description: The mapping of a space that serves as a basis for mapping processes specific to such as rental and leasing in An architectural space can be created only on the basis of a property or a building.

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• Key Concepts:
  SAP Real Estate Management (RE) is a component of the SAP ERP system that helps organizations manage their real estate portfolios. Architectural space is a term used to describe the physical space of a building or property, including its dimensions, layout, and features. It is important to accurately measure and track architectural space in order to properly manage a real estate portfolio. 
  
  How to use it:
  In SAP RE, architectural space can be measured and tracked using the Space Management module. This module allows users to create detailed floor plans of buildings and properties, as well as measure and track the dimensions of each room or area. This data can then be used to calculate the total area of a building or property, as well as the area of each individual room or area. 
  
  Tips & Tricks:
  When creating floor plans in SAP RE, it is important to accurately measure and record the dimensions of each room or area. This will ensure that the total area of the building or property is accurately calculated. Additionally, it is important to keep track of any changes that are made to the floor plan over time, such as adding or removing rooms or areas. 
  
  Related Information:
  SAP RE also includes modules for managing leases, contracts, and other aspects of real estate management. Additionally, SAP RE integrates with other components of the SAP ERP system, such as Financial Accounting (FI) and Controlling (CO). This allows users to easily access financial data related to their real estate portfolio.