See Asking Rent.
A shopping center featuring stores that offer stylish clothing, posh merchandise, and quality consumer goods
A restaurant that provides drive-thru and/or walk-up window service and may also have sit-down dining. Example: McDonald's, Burger King, Taco Bell, KFC, Boston Market, etc.
A list of additional characteristics of the building
Absolute ownership of real property. The owner has the right of disposition without limitation for the duration of their life. After death, the property then passes to the owner-designated heirs.
Also referred to as "Fee Absolute" or "Fee Simple Absolute" or "Fee Simple Estate".
An exterior storage area surrounded by a security fence.
An urban entertainment and shopping center associated with a place of historic or cultural interest, such as the Baltimore Inner Harbor and Boston's Faneuil Hall
Created by the U.S. Census Bureau, the FIPS (Federal Identification Processing Standards) Code assigns each county in the U.S. with a unique five-digit number. For example, San Diego county California is 06073 – where 06 represents the state code and 073 represents the county code.
The date the name, address, primary contact, and occupancy status was confirmed for a tenant.
An arbitrary expense amount chosen by a property owner (Lessor). This amount will be the Lessor's stop or the maximum amount the Lessor will pay each year on a particular lease. Any expenses for that tenant over the stop level are paid (passed through) by the lessee.
No escalations - the monthly rent does not increase over the life of the lease.
A type of building(s) designed to be versatile, which may be used in combination with office (corporate headquarters), research and development, quasi-retail sales, and including but not limited to industrial, warehouse, and distribution uses. At least half of the rentable area of the building must be used as office space. Flex buildings typically have ceiling heights under 18', with light industrial zoning. Flex buildings have also been called Incubator, Tech and Showroom buildings in markets throughout the country.
This type of space is only found in Flex buildings. It can be used as office, medical, industrial, warehouse, distribution, quasi-retail, or research and development space
The relationship between the above-ground floor area of a building, and the land area it stands on, which is often expressed as a decimal, e.g., a ratio of 2.0 indicates that the floor area is twice the total land area. CoStar policy requires the FAR to be calculated by dividing the RBA by the land area.
For example a 2-3" deep trench that runs the length of the building; at the end of the floor drain is a grease trap. The floor of a building with drains is typically pitched 1/8" per foot. Different manufacturing processes require different types of drains. This is listed as an amenity for industrial and flex building types
A protective metal barrier that is placed between bays and in the ceiling of a building to contain harmful chemicals.
A Food Court is typically characterized by a number of fast food restaurants in proximity, within a larger building, all sharing common seating. Specifically, in enclosed malls, an area devoted to permanent vendor stalls offering a range of prepared foods for on-premise consumption and served by a common seating area.
Industrial secondary type. A facility used for the processing of and packaging of food products. These buildings normally have cold storage and/or freezer space. This could also be used for a facility that processes and packages beverages. These buildings may or may not have any cold storage/refrigerated space. Typically uses include: bottling plants (soft drinks, fruit juices), breweries, dairies.
Typically a cafeteria facility located in an office building usually for the primary tenant.
Foreign Trade Zones (FTZs) were created in the United States to provide special customs procedures to U.S. plants engaged in international trade-related activities. Duty-free treatment is accorded items that are processed in FTZs and then reexported, and duty payment is deferred on items until they are brought out of the FTZ for sale in the U.S. market. This helps to offset customs advantages available to overseas producers who compete with domestic industry. The Foreign-Trade Zones (FTZ) Board (composed of representatives from the U.S. Departments of Commerce and Treasury) has its operational staff in the International Trade Administration's Import Administration.
An area with an insulated freezer for storing perishable items.
AKA Gross or Full Service Gross - a rental rate that includes normal building standard services which are provided and paid by the landlord.
See: Services
In CoStar Comps, a sale price based on the amount of transfer tax paid, which represents the full value paid for the property.
Future company growth rate: The options include: Stable, Growing, Growing Rapidly, or Downsizing.
|