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In reference to commercial real estate, it is the supply or stock of a specific type of commercial unit or the amount of space that will be available in an upcoming forecast period from expansions, conversions (in), and new construction.
Information (substantiated and rumored) regarding new inventory that is in the process of being added to the market by a specified forecast period.
Limitations imposed by the physical size, shape, or characteristics of a property or its level of development.
A form or source of accrued depreciation considered in the cost approach to market value. The physical decay or deterioration of a property that may result from breakage, deferred maintenance, effects of age on construction material, and norm...
A market in which the products are homogenous, there is complete information, and no buyers or sellers may influence the market.
The additional rent (over a base amount) that is paid by tenants to owners on tenant sales over a specified dollar amount. It is frequently found in retail leases. Also known as overage rent.
A lease in which the rent amount is based on a percentage of gross sales (monthly or annually) made by the tenant.
Income from rental activity, limited business interests, or other activities in which the investor does not materially participate.