Acre
How big is an acre in the metric system? One acre is equal to 4,046.86 square meters. In other words, a square 63 meters by 63 meters will cover the area…
Archives: CRE Dictionary
Archives: CRE Dictionary
Sale and leaseback deal
A sale and leaseback deal (aka sale leaseback) is a property transaction in which an owner both: Sells her property and, as part of the same transaction, and Signs a…
Agency relationship (and obligations)
What is an agency relationship? An agency relationship is the relationship created when one person or entity, the customer, delegates to another, the agent, the right (and privilege) to act…
Cap rate
The capitalisation rate (cap rate for short), is the percentage, market-related return on a property investment (before the cost of debt funding and taxes). Similar to a price earnings (PE)…
Pro rata
To prorate (adjective pro rata) is to divide a value in proportion to some other value. If a tenant were to move in mid-month (without that tenant receiving any rental…
Whitebox
A whitebox is a lettable space with a minimally finished interior. Usually it contains ceilings, lighting, plumbing, heating and cooling (HVAC), interior walls (painted or unpainted), electrical outlets, elevators, rest…
Broker commissions on lease deals
Broker commissions on lease deals that are generally accepted are discussed below. It is important that anyone involved in the buying and selling of real estate knows who pays the…
Tenant installation allowance
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