Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
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CRE WORD OF THE WEEK
Good Morning! It’s Word of the Week Wednesday! Today we will look at Triple Net Lease (NNN). This is a legal agreement where the tenant is responsible for base rent and operating expenses. The “triple” refers to three standard expense items: Common Area Maintenance (CAM), real estate taxes, and property insurance. #TripleNetLease #commercialrealestate #wordoftheweek #CAM…
CRE WORD OF THE WEEK
Good morning, its Word of the Week Wednesday! Lets take a Look at Commercial Information Exchange, or CIE. A CIE is a listing service for commercial properties to be advertised to other commercial brokers and sometimes to the public while providing information on availabilities, recent sale or lease transactions, market statistics, and contacts.
CRE WORD OF THE WEEK
It’s Word of the Week Wednesday! We’ve got another cool phrase from the commercial real estate business. Let’s take a look at capitalization rate, also known as cap rate. The cap rate is the rate of return that investors receive on an income producing property. The cap rate is calculated as the ratio between the…
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Lets take a look at Cold Shell. A cold shell refers to Any building that has no interior finishes, plumbing, lighting etc. The property is essentially bare, which provides greater opportunities for improvements and customization.
CRE Market Insights – Retail
Uncertainty = Opportunity Market conditions always change, it is inevitable. However, the pace of change has been greatly accelerated due to the pandemic, creating uncertainty in the commercial real estate and Capital markets. Users of office space have been uncertain as to how their needs of space will change. Recent data indicates that only 12%…
CPR WORD OF THE WEEK
Good Morning! It’s Word of the Week Wednesday. Let’s look at hard corner. A hard corner refers to a property located at a major intersection with traffic lights, where the commercial property can be considered more popular for retail.