As its name suggests, an industrial building designed to be used in a variety of ways. It is usually located in an industrial park setting. Specialized flex buildings can include service centers, showrooms, offices, warehouses and more. (Typical characteristics are shown in the Industrial Building Types Matrix.) Learn more at https://www.naiop.org

The amount asked by landlords for available space, expressed in dollars per square foot per year in most parts of the country (and per month in areas of California and other selected markets). (Synonym: face rate) Learn more at https://www.naiop.org

An emerging residential area beyond built-up suburbs and edge cities Learn more at https://www.naiop.org

The notion that people buy goods online but pursue experiences at brickand- mortar locations (i.e., do yoga, eat at restaurants, visit flagship stores for experience and entertainment, etc.). Learn more at https://www.naiop.org

Also referred to as an “EPA rating” or an “Energy Star rating,” the rating is a standardized national benchmark that helps architects and building owners assess energy use relative to similar buildings in the program. An Energy Star-qualified building means the building meets EPA criteria for energy efficiency and displays the Energy Star building label. … Read more

A block of space offered for lease by a landlord to which another tenant has some right to lease or occupy at some future date. Learn more at https://www.naiop.org

Effective Rent = (total rent – free rent – cash allowances) / lease term / rentable square foot Total Rent = rent paid during the term of the lease including escalations Note: Cash allowances can include free rent, moving allowances and other cash considerations. Assumptions:

Expressed in dollars per square foot either per year or per month depending on market standards, it is a measurement of the value of the lease when all the concessions plus escalations are included. Effective rent calculations may vary according to local market practices; for example, in some markets, broker commissions are included. Learn more … Read more

Electronic commerce is the buying and selling of products or services mostly through the Internet. Typically, transactions are carried out via desktop and laptop computers as well as on mobile devices such as smartphones and smart tablets. Learn more at https://www.naiop.org

A door through which trucks, forklifts, and other machinery or vehicles can enter and exit without a change in elevation. Learn more at https://www.naiop.org