Commercial Real Estate Glossary & Definitions

A

Absorption, Amortization, Annual Debt Service, Annuity, Assignment, Average Annual Effective Rate, Average Annual Effective Rent

B

Base Rent, Breakpoint, Build-to-suit, Bulk

C

Capitalization Rate, Capital Gain, Capital Market, Cash Flow, Cash Flow After Taxes (CFAT), Cash Flow Before Taxes (CFBT), Commercial Real Estate, Commercial Strip Property, Common Area, Common Area Maintenance (CAM), Community Center, Compound Interest, Compounding, Contract Rent, Cost Recovery

D

Demographics, Discount Rate, Discounting

E

Effective Rental Income, Efficiency Percentage, Expense Stop

F

Fashion/specialty center, Fixed Lease, Freestanding, Fully Amortized Mortage Loan, Future Value

G

Gross Leasable Area (GLA), Gross Lease, Gross Operating Income (GOI), Ground Lease

H

High Rise

I

Index Lease, Industrial Park, Industrial Property, Initial Investment, Internal Rate of Return (IRR), Inventory

L

Landlord, Lease, Lessee, Lessor, Leverage, Lifestyle Characteristics, Liquidity, Loan Point, Low-Rise

M

Macroeconomy, Market Area, Market Data, Market Value, Metropolitan Statistical Area (MSA), Mid-Rise, Mortgage, Multifamily Housing, Multi-Tenant

N

Neighborhood Center, Net Lease, Net Operating Income (NOI)

O

Obsolescence, Office Property, Office/Service, Office/Warehouse, Operating Expense Stop, Operating Expenses, Opportunity Cost, Outlet Center, Overage Rent, Owner

P

Partially Amortized Mortgage Loan, Payment (PMT), Percentage Rent, Points, Potential Rental Income, Power Center, Present Value (PV), Principal, Promissory Note, Property Data, Psychographics

R

Real Estate Investment Trust (REIT), Regional Center, Rent Concession, Rentable Area, Research and Development, Retail Property, Retail Trade Area, Reversion Value, Risk

S

Sale Proceeds After Tax, Sale Proceeds Before Tax, Sale-Leaseback, Sandwich Lease, Shopping Center, Simple Average Method, Sinking Fund, Space Market, Step Lease, Sublease, Submarket, Super Regional Center

T

Tax Liability, Tenant, Tenant Improvements (TI), Theme/Festival Center, Time Value of Money (TVM), Total Effective Rate, Total Effective Rent, Total Unemployment, Trade Area

U

Useable Area

V

Vacancy, Vacancy Rate

W

Weighted Average Method

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