Good morning, its Word of the Week Wednesday! Let’s take a look at rentable area. Rentable area refers to the tenant’s usable square footage of a property alongside their portion of the building’s common area.
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The Tampa Bay Office Market is currently in a transition period right now. With many employees working from home or in a mixed office/home scenario employers are working to right-size their work space. While some companies are looking to downsize, others are looking to expand, creating a safer environment for their employees. This has led…
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Commercial Partners Realty, Inc. is pleased to announce that Kerra Almy has joined our team as an Administrative Assistant. She looks forward to providing support to our agents and clients, applying her marketing and administrative experience. Kerra joins us with a unique background in marketing, education and entertainment. She has developed programs for MOSI and…
CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday! Today let’s look at Real Estate Investment Trust, or “ REIT ” for short. REIT is a type of investment portfolio company that allows individual investors to own fractional shares of income producing and commercial real estate. For investors, using REIT’s may help generate a steady income…
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CRE WORD OF THE WEEK
Good morning! It’s Word of the Week Wednesday. Let’s take a look at net operating income or NOI for short. NOI is the net income from a property that is gross revenues minus operating expenses, but before deducting capital expenditures, debt service, and taxes.