In this article, you'll learn:
- Key terms like assignment, CAM, and base year that impact your lease.
- How rent escalations and CPI adjustments affect your rent costs.
- The importance of tenant improvements and allowances in lease negotiations.
- Understanding triple net leases and usable vs. rentable square footage.
Commercial real estate can be complex. It also comes with a set of key terms that you should know. Whether you are new to commercial real estate, or just need a refresher, here are 27 commercial real estate terms to get familiar with: