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
The total amount of space occupied over a given period of time, without subtracting the amount of space vacated. (Synonym: leasing activity) Learn more at https://www.naiop.org
Founded in Canada in 1996, Green Globes is a green building guidance and assessment program that offers a way to advance the overall environmental performance and sustainability of commercial buildings. After achieving a minimum of 350 of the total number of 1,000 points, new and existing commercial buildings can be certified for their environmental achievements … Read more