What is the general concept of absorption in CRE In the analysis of commercial real estate (CRE) performance, several indicators are used to show changes in demand. Many of these…

Leasehold title is a valid type of land “ownership”. Think of a land leasehold agreement as an alternative to renting (leasing) and full ownership (freehold title). Leasehold title is not…

Freehold title is a type of property ownership, where a natural or juristic person (person or legal entity) has outright ownership, forever, of a property and the land on which…

A Body Corporate is a legal entity made up of the registered unit owners that oversee the management and maintenance of communal areas (common property) within a sectional title scheme.…

Sectional title ownership is the separate ownership of units or sections within an existing property / complex, or new development. In England and Wales sectional title is known as commonhold.…

A submarket in commercial real estate (CRE) is a sub-set of a defined CRE market. Markets are defined by geography (using a geospatial polygon – so they are comparable) and…

Elbow space is a term largely specific to retail real estate. It refers to the space in the corner of a retail asset (e.g. neighbourhood centre or strip mall, community…

A cross docking warehouse configuration is most common in large warehouses/distribution centers. In a standard warehouse configuration, inventory is stored in various storage section/s. A cross-docking warehouse is configured with…

Ground rent (aka land lease) is that rent paid for the land (and not the physical properties or top structures). In other words, it’s rent paid for leasehold control. There…

Occupancy certificate or OC (also known as certificate of occupancy, CO) is a document issue by a local government agency (e.g. municipality) or building department / planning authority. It indicates…