CRE WORD OF THE WEEK

It’s Word of the Week Wednesday! Let’s look at Accessibility. When an agent refers to this, they are talking about the convenience of entering a property. This could mean easy access from the street by a motor vehicle, property accommodations and even ADA compliance (Americans with Disabilities Act.)

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.

It’s Word of the Week Wednesday again! Let’s introduce the phrase market rent. Market rent is the rent a typical tenant would pay for a comparable unit or suite in the same or comparable market. On a good note to remember, A landlord may compare the contract rental rates near their property to understand if…

Good morning, Here’s another Word of the Week Wednesday! Let’s look at income approach. Income approach is a type of appraisal method that allows investors to estimate the value of a property based on the income the property generates. One method is calculated by dividing the net operating income by the capitalization rate.