Base (in lease terminology)
A face, quoted, dollar amount representing the rate or rent in dollars per square foot per year and typically referred to as the base rate.
Averaging method
A simple technique used to forecast next period's/year's vacancy rate by averaging previous years' vacancy rates; especially effective where vacancy rates have remained relatively flat or show little variability over time.
Average annual effective rent
The tenant’s total effective rent divided by the lease term.
Average annual effective rate
The average annual effective rent divided by the square footage.
Assessed value
The value of real property established by the tax assessor for the purpose of levying real estate taxes.
Appreciation potential
The possibility or probability that a real estate investment will increase in value during the holding period.