Luddite
The word “luddite” is derived from the bands of English workers who destroyed machinery, especially in cotton and woollen mills, that they believed was threatening their jobs (1811–16). Over time and…
Archives: CRE Dictionary
Archives: CRE Dictionary
CRETech
CRETech is short for commercial real estate (CRE) technology, or commercial property technology. This term covers startups offering technologically innovative products or new business models for the CRE industry. I.e.…
PropTech
PropTech is short for property technology. This term describes those startups offering technologically innovative products or new business models for the real estate industry. PropTech in turn is divided into…
Shadow space
Shadow space, also known as “phantom space”, is leased space that is not being used by the tenant. General points on shadow space The space may be “in the market”…
NIH syndrome
NIH syndrome is an acronym for not-invented-here syndrome. In software, NIH is commonly referred to as reinventing the wheel (i.e. building something that is already available). NIH syndrome is based…
Software feature enhancement
A software or feature enhancement is any product change or upgrade that increases software capabilities (and user value) beyond the previous state. Extra – how best to explain what you…
Explicit bug
An explicit bug is existing functionality in software that is not operating as designed or required. There is no grey area. The functionality should be doing A, and it is…
Implicit bug
An implicit bug is existing functionality in software that is operating as designed or required, but it feels like a bug. I.e. functionality is operating fine, but it’s operating in…
Vendor finance
Vendor finance is the scenario where a seller acts as the funder (providing debt or equity, or both) to a purchaser of her property. Trade credit, while not specific to…
Zoning
Zoning controls what a property developer can do with a piece of land. It restricts property rights and land users to specific allowable activities, permitted building heights, coverage and /…