A structure used primarily for manufacturing, research and development, production, maintenance, and storage or distribution of goods or both. It can include some office space. Industrial buildings are divided into three primary classifications: manufacturing, warehouse or distribution, and flex. (The typical characteristics of the most common types of industrial buildings are shown in the Industrial … Read more
An economic development tool created to support new businesses. Typically lab or office space or both provided for free or at a deep discount in buildings owned or leased by municipalities. Business assistance and financing opportunities may be provided as startups gain momentum. Learn more at https://www.naiop.org
A retail store placed adjacent to neighboring retailers so that the fronts of the stores are in a straight line and behind what is considered the lease line. Tenants operating in the common area are not considered in-line vendors. Learn more at https://www.naiop.org
Low-rise: Fewer than 7 stories above ground level Mid-rise: Between 7 and 25 stories above ground level High-rise: More than 25 stories above ground level Learn more at https://www.naiop.org
A concentration of shops in urban or urban-like areas that may also be referred to as “Main Street retail” in the United States and Canada. Learn more at https://www.naiop.org
A relative term that refers to industrial buildings with an abundance of clear height or vertical cubic space. (Synonym: high bay) Learn more at https://www.naiop.org
A lease agreement (contract) whereby the landowner (lessor) agrees to lease a parcel of land for a set period of time to a third party (lessee). Depending on the agreement, the lessor can stipulate what the lessee can or cannot do with the property or build on the property. The lease term is typically 20 … Read more
A legally binding contract in which a landlord receives stipulated rent from a tenant and is obligated to pay all or most of the property’s operating expenses and real estate taxes. Note: Disclosure of the specified costs of operation is required in some states. (See Common Lease Types Matrix.) (Synonym: full service lease) Learn more … Read more
A site calculated as the summation of all rentable areas plus all common areas of a building. Learn more at https://www.naiop.org
The total interior floor area of a building, usually measured from the innermost edge of the outside walls. Learn more at https://www.naiop.org