Stacking Plans in Commercial Real Estate
A stacking plan is a visual representation of a commercial structure that shows the tenants on each floor, the square footage of each floor, when each tenant’s…
Commercial Leasing
Everything tagged Commercial Leasing in the Commercial Real Estate Glossary.
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Shadow Space in Commercial Real Estate
In commercial real estate, shadow space is any space that is being leased, but that a tenant is not currently utilizing. In many cases, it is a result of…
Blend and Extend Amendments in Commercial Real Estate
In commercial leasing, a blend and extend amendment is allows a tenant to extend their lease and negotiate a new rate, merging, or “blending” the new and old…
Dark Shell in Commercial Real Estate
A dark shell refers to a commercial property that is leased to a tenant without interior improvements, such as heating, lighting, interior walls, plumbing, or…
Recapture Clause in Commercial Real Estate
In commercial leasing, a recapture clause permits a landlord to terminate a lease early, and may also allow them to demand all or part of the remaining lease…
BOMA: Building Owners and Managers Association in Commercial Real Estate
BOMA, or the Building Owners and Managers Association, is an international trade association for commercial real estate professionals. The organization, which…
Usable Square Feet vs. Rentable Square Feet in Commercial Real Estate
In commercial real estate, there are two major ways to evaluate a property’s size; usable square feet (USF) and rentable square feet (RSF). In general, this…
Acceleration Clauses in Commercial Real Estate
In real estate, an acceleration clause is a loan provision that permits a lender to force a a borrower to pay off the remaining balance of a loan if the…
Loss to Lease in Commercial Real Estate
Loss to lease is one of the most essential metrics in multifamily real estate, and can be defined as the difference between actual rent and market rent. In…
Rent Escalation Clauses in Commercial Real Estate
In most commercial leases, rents are set to increase over time. How often, and by how much they increase is specified in a lease contract’s rent escalation…
Ground Lease in Commercial Real Estate
A ground lease is a type of long-term lease agreement that allows the tenant to build on and make significant improvements to the leased property. Ground…
Net Effective Rent in Commercial Real Estate
Net effective rent is a calculation of average monthly rental cost that incorporates landlord rental concessions, typically a free month of rent. For example…
Effective Gross Income in Commercial Real Estate
Effective gross income (EGI), is all the income generated by a property, including rent, tenant reimbursements, and income from sources such as vending…
Lease Assignment in Commercial Real Estate
A lease assignment occurs when a tenant fully transfers their lease to another party. This is particularly important for tenants who wish to get out of their…
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