Welcome to the first Commercial Real Estate Word of the Week.
With these new weekly posts, we want to explain terms, concepts and definitions to
provide transparency of the real estate transaction process to our clients, partners
and colleagues. We hope you enjoy and find our future posts valuable.
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CRE WORD OF THE WEEK
Morning everyone! It’s Word of the Week Wednesday again! Let’s look at floor area ratio. Floor area ratio, or FAR, is the connection between the total square footage of a building and the total square footage of the land parcel on which the building is located.