A tax-deferral strategy that allows investors to reinvest proceeds from one investment property into another qualifying property.

The process of customizing or improving a commercial space to meet a tenant’s business needs.

Expenses associated with maintaining shared areas of a commercial property, such as parking lots, hallways, and landscaping.

A formula used to estimate the potential return on a commercial real estate investment based on income generated by the property.

A recognized commercial real estate designation awarded to professionals with advanced expertise in commercial investment real estate.

A legally binding agreement for renting property used for business purposes.

A loan used to purchase, refinance, or improve commercial real estate.

Real estate used for business activities such as office, retail, industrial, or multifamily purposes.

Property used exclusively for business or income-producing purposes.

Incentives offered by a landlord to attract or retain tenants, such as free rent or tenant improvement allowances.

An online commercial real estate marketplace used to market, lease, and sell commercial properties.

The investigation and review process completed before finalizing a commercial real estate transaction.

A neutral third party that holds funds and documents during a transaction until all conditions of the agreement are met.

A lease provision preventing landlords from leasing nearby spaces to competitors of an existing tenant.

An item permanently attached to a property and legally considered part of the real estate.

A residential-style listing platform referenced for comparison purposes in commercial real estate discussions.

A legally allowed property use that continues even though current zoning laws no longer permit it.

A lease structure in which the landlord typically covers most operating expenses within the rent payment.

Commercial properties used for manufacturing, warehousing, logistics, or distribution operations.

The owner of a commercial property who leases space to tenants.

The date when a lease agreement officially ends unless renewed or extended.

The process of extending or renegotiating an existing lease agreement after expiration.

A commercial real estate professional who represents the landlord in marketing and leasing available property.

A legal claim against a property used as security for a debt or financial obligation.

An online commercial real estate marketplace used to search for properties for sale or lease.

Ownership rights to natural resources located beneath a property’s surface.

A property listing database commonly used in residential real estate. Commercial real estate does not have one universal MLS platform.

The net change in occupied commercial space during a specific time period.

A lease structure in which the tenant pays rent plus property taxes, insurance, and maintenance expenses.

A property use that no longer complies with current zoning regulations but is legally allowed to continue.

A designated area eligible for investment-related tax incentives intended to encourage economic development.

A borrower’s personal commitment to repay a loan if the business cannot meet its financial obligations.

The tenant’s usable space plus a share of common areas within the property.

A business or individual leasing commercial space from a landlord.

Funds provided by a landlord to help pay for tenant improvements or space customization.

Custom improvements or build-outs made to a leased commercial space to meet a tenant’s operational needs.

A commercial real estate professional who represents tenants during site selection and lease negotiations.

The actual space occupied exclusively by a tenant.

The percentage of available commercial space that is currently unoccupied.

Fraud involving false wiring instructions during a real estate transaction.

Local government regulations that determine how a property can be used or developed.