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Real Estate Glossary

Cross Dock

In a shallow distribution facility, cross docks are loading docks located on opposite sides. This allows for quick sorting, loading, and unloading from one vehicle to the other.

Real Estate Glossary

Growth Patterns

Growth patterns are an important determination when it comes to retail trade analysis as they are known to affect revenue and sales potential within the market as retail has the tendency to follow income concentrations and...

Real Estate Glossary

Call date

This refers to the date wherein a part of a callable bond can be redeemed before it matures. It is typically specified upon issuance. The bond may be redeemed on the call date at par or at a small premium to par should the issuer...

Real Estate Glossary

Coupon

Alternatively referred to as coupon payment, a coupon is the nominal interest rate paid by the borrower on a bond, promissory note, or mortgage. It is expressed as a percentage of the face value and is paid from the date it is...

Real Estate Glossary

Direct New Space

This is an area that is directly offered for lease by a landlord or a building owner. In comparison, a space that is offered for lease directly by a tenant of the building is called a sublet space.

Real Estate Glossary

Housing Demand

This is the sum of housing units requested by a particular market. It is interpreted as the occupied housing units divided by 1 minus the vacancy allowance within the market. In this calculation, demand is influenced by the rate...

Real Estate Glossary

Functional Region

This is a region that is organized around a center or a central point that may also be called a node. It is a region described in terms of economic interaction or linkages that are often organized in the area.