Lease Listings
This common commercial lease type requires the tenant to pay a base rent while the landlord covers most operating expenses.
What is a gross lease?
This allowance included in some listings gives tenants money to customize their space.
What is a tenant improvement allowance?
This metric measures the change in occupied space within a market over a given period, accounting for both move‑ins and move‑outs.
What is absorption?
A concise summary included with a listing, often highlighting size, location, and key features, is known by this two‑letter acronym.
What is an OM (Offering Memorandum)?
When analyzing sale comps, brokers compare this metric to understand pricing across similar assets—expressed in dollars per square foot.
What is the price per square foot?
This document summarizes a suite’s features, floor plans, and key deal points, and is typically used by brokers to market a lease opportunity.
What is a marketing flyer?
This term describes a space that is move‑in ready and needs little or no construction before occupancy.
What is turn‑key space?
This occurs when more space becomes vacant than is leased over a given period, resulting in an overall increase in available inventory.
What is negative absorption?
This type of transaction occurs when a buyer purchases a property not for investment, but to occupy and operate their own business from the space.
What is an owner‑user sale?
Sale comps often highlight this physical attribute, which reflects how much of a building is currently occupied.
What is the occupancy rate?
This arrangement allows a tenant to rent out all or part of their leased space to another party, while still remaining responsible to the landlord under the original lease.
What is a sublease?
Often listed separately from base rent, this cost covers a tenant’s share of expenses like landscaping, janitorial services, and maintenance of shared areas in a property.
What is a CAM charge?
This market condition occurs when more space is leased than vacated over a given period, resulting in a net decrease in available inventory.
What is positive absorption?
This type of transaction occurs when a property is sold primarily for the income it generates, often evaluated using metrics like cap rate, lease terms, and tenant credit quality.
What is an investment sale?
This tax‑deferral strategy allows an investor to sell one property and reinvest the proceeds into another like‑kind property without immediately paying capital gains taxes.
What is a 1031 exchange?
A visual that highlights the number of glass-walled offices, conference rooms, and open areas is describing this component of the space.
What is the floor plan or layout?
Often found along the perimeter of a shopping center, this type of standalone lot or building is typically leased or sold separately and used for users like banks, restaurants, or drive‑thrus.
What is an outparcel/pad site?
This metric measures the percentage of all rentable space in a market that is currently unoccupied.
What is the vacancy rate?
The expected return generated by an income‑producing property is commonly shown as this percentage metric.
What is the cap rate?
This type of sale occurs when a property has gone through foreclosure and is now owned and sold directly by the lender, often at a discounted price.
What is an REO sale?
In this lease structure, tenants pay rent plus their share of taxes, insurance, and maintenance.
What is a triple net lease (NNN)?
Retail tenants may pay this type of rent when their sales exceed an agreed‑upon threshold, giving landlords a share of the tenant’s revenue.
What is percentage rent?
This term refers to space that shows up as vacant in a property or market database—but isn’t actually being marketed for lease—often because it's under construction, in shell condition, or reserved for a future user.
What is a vacant not available/vacancy placeholder?
A sale listing for a net‑leased asset often highlights this feature—payments guaranteed by a creditworthy corporation.
What is a corporate guarantee?
This type of transaction occurs when a property is sold under financial pressure—such as foreclosure risk, bankruptcy, or urgent need for liquidity—often resulting in a below‑market price.
What is a distressed sale?