These are the tendencies of individuals to spend disposable income on a particular good or service as compared to other goods and services in relation to income level, range, socio-economic characteristics, or other demographics.
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Debt Yield
Expressed as a percentage, this refers to the ratio of the net operating income (NOI) to the mortgage loan amount. It is used by lenders as it shows their return on cost if they were to take ownership of the property. Debt yield...
Fiduciary
This is a person who holds an ethical responsibility to a beneficiary. They exercise any discretionary authority over a plan's asset management, administration, or disposition as well as give investment advice for a certain fee...
GAP Analysis
This is an assessment of the different in demand and supply spaces for a certain class of commercial property within a specific area. Gaps are conveyed as the number of square footage required minus the number of available square...
Buyer’s broker
This is a licensee that represents just the buyer during a real estate transaction whether or not any compensation is paid by the buyer or the listing broker by means of a commission split. They are legally responsible for the...
Current occupancy
Expressed in percentage, current occupancy refers to the current leased portion of a property or a building.
Discounting
This is the process of calculating the current value of a stream of payments or a singular payment to be collected in the future. Discounting is the main factor utilized in pricing a stream of future cash flow. The higher the...
Delivery
This is the process of moving the deed from one entity to another. It can also pertain to an act of a seller that shows an intent to make a deed effective.
Consumer Price Index (CPI)
This refers to a measurement that examines expansion that is related to the change in the price of services and goods that are acquired by a specific population within a certain period. It is typically used in increasing the base...
Class B Building
Part of the BOMA building classification system, buildings classified as Class B are located in fair to good locations found in major employment centers. They also need to have fair to good access to transits and vehicles...
