Expenses included in gross rentals
In CRE, “expenses included in gross rentals” represents those property expenses invoiced by the landlord to the tenant. These paid-ultimately-by-tenant expenses will appear as line items on the rental invoice.…
Archives: CRE Dictionary
Archives: CRE Dictionary
Expenses included in net rentals
In CRE, “expenses included in net rentals” represents those expenses covered by the landlord. The tenant will never see these expenses on an invoice. Such expenses are deducted from the…
Net rentals
In CRE, net rentals represent the rental paid by a tenant for the use of her property to a landlord (aka property fund) or, if applicable, their representative (i.e. a property…
Gross rentals
Gross rentals in CRE is (generally) the total amount paid by a tenant to a landlord*, every month. Gross rental can be either be displayed as a rate per sqm…
Gross lettable area
Gross lettable area, also known as gross leasable area, is more commonly referred to by its commercial real estate (CRE) abbreviation GLA. It describes the rentable area of space like…
Rentable area
Rentable area, known also as rentable building area (RBA) is another word for gross lettable area / gross leasable area (or GLA). The value is expressed in either square meters…
Usable area
Usable area is the actual space you occupy from wall to wall. I.e. the area you would get if you paced out your offices or warehouse. (This would also include…
Tech adoption lifecycle
The tech adoption lifecycle explains how the use of new products or innovation spreads. (Clicking on the below image will enlarge it to a reading-friendly size) The above image unpacks…
Opportunity cost
Opportunity cost is what a person sacrifices when they choose one option instead of another. More specifically: The potential gains that an individual, investor, or corporation misses out on when…
Customer lifetime value
Customer lifetime value is the prediction of the net profit value now, of the entire future relationship with a customer. The value can range in sophistication and accuracy. From a…