Commercial Real Estate Terms

1234567891011121314151617181920
Across
  1. 3. Commercial properties that are used for the purposes of production, manufacturing, or distribution.
  2. 5. To appraise, verify, or check for accuracy, authenticity, and validity
  3. 6. Expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included
  4. 10. Multiple suites or spaces on either the same floor or the adjoining floor(s) in the same building
  5. 12. Space under contract between a landlord and a tenant or between a tenant and a subtenant
  6. 13. The total interior floor area of a building, usually measured from the innermost edge of the outside walls
  7. 16. Company that owns or finances income-producing assets, such as apartments, shopping centers, offices and warehouses
  8. 17. The net change in occupied space over a specified period of time
  9. 19. The total amount of space occupied over a given period of time, without subtracting the amount of space vacated
  10. 20. Inventory that is not currently occupied
Down
  1. 1. A commercial property type used to maintain or occupy professional or business offices. Such properties typically house management and staff operations. The term office can refer to whole buildings, floors, parts of floors, and office parks. Office space that can be used for a variety of purposes is sometimes referred to as generic office space. Office properties may be classified as Class A, B, or C. Class A properties are the most functionally modern. Properties Classed B and C in the same market typically command lower rents because they are older and in need of modernization
  2. 2. Space offered for lease indirectly by a tenant rather than directly by a landlord
  3. 4. Space that is physically occupied by a tenant, subtenant or owner
  4. 7. In its most general definition is a collection of offices or rooms-or suite-used by top managers of a business-orexecutives. Over the years, this general term has taken on a variety of specific meanings
  5. 8. An agency whose goal is to help develop and support economic growth within a specified city, region or state by providing necessary resources and assistance
  6. 9. Is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time
  7. 11. A lease agreement whereby the tenant pays taxes, maintenance and property insurance as well as all operating costs associated with the tenant’s occupancy
  8. 14. Unlevered initial return from the acquisition of a real estate asset calculated by dividing net operating income (NOI) by the property sales price
  9. 15. The total square footage of a building that can be occupied by or assigned to a tenant for the purpose of determining a tenant’s total rental obligation
  10. 18. Annual income produced by an investment property after deducting allowances for capital repairs, leasing commissions, tenant inducements (after the initial lease is up) and debt service from net ope