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Commercial
Commercial real estate is the use of property for the purpose of generating profit either through capital gain or rental income.
Industry: Real estate
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Commercial
Gross lease
Real estate; Commercial
A lease that states all of building's operating expenses, taxes, insurance, utilites, and maintenance fees are covered by landlord. It is agreed that the tenant only pays a predetermined fixed rental ...
BOMA
Real estate; Commercial
An acrynym that stands for Building Owners and Managers Association, an internationally accepted association that promotes clear communication between landlords and tenants. BOMA International ...
BOMA standard
Real estate; Commercial
Standard methods of measuring floor space to both maintain a common set of measurements throughout the industry as well as to respond to the growing number and intergration of mixed-use buildings in ...
Usable area
Real estate; Commercial
Area that can be used or occupied, varying over the course of a building's lifetime due to the natural expansion and contraction of building space and corridors. Usable area is also adjusted in ...
Rentable area
Real estate; Commercial
Rentable area is calculated by measuring the entire floor space desired for leasing, minus any vertical penetrations.
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