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Non-household Population

May 19, 2014 2:49 pm Published by Comments Off on Non-household Population

That portion of the total population that is not considered to be part of the local residential housing market; composed... View Article

Non-Recourse Loan

May 19, 2014 2:50 pm Published by Comments Off on Non-Recourse Loan

A type of loan where the borrower is not personally guaranteeing, and thereby not personally liable for, the loan.  It... View Article

NPV

May 19, 2014 2:50 pm Published by Comments Off on NPV

See net present value.

Obsolescence

May 19, 2014 2:51 pm Published by Comments Off on Obsolescence

In reference to the inadequacy, disuse, outdated, or nonfunctionality of facilities, infrastructure, products, or production technologies due to effects of... View Article

Occupancy Cost

May 19, 2014 2:51 pm Published by Comments Off on Occupancy Cost

The actual dollars paid out by the tenant to occupy the space.  It can be expressed in either pre-tax or... View Article

Office

May 19, 2014 2:52 pm Published by Comments Off on Office

Low-rise – Fewer than seven stories high above ground level. Mid-rise – Between seven and twenty-five stories above ground level... View Article

Office Gap

May 19, 2014 2:52 pm Published by Comments Off on Office Gap

The difference between the demand for office space and the supply of office space by property type, submarket, sector, or... View Article

Office Property

May 19, 2014 2:52 pm Published by Comments Off on Office Property

A commercial property type used to maintain or occupy professional or business offices.  Such properties typically house management and staff... View Article

Operating Expense Stop

May 19, 2014 2:53 pm Published by Comments Off on Operating Expense Stop

A negotiable amount at which the owner’s contribution to operating expenses stops.  It also can be stated as the amount... View Article

Operating Expenses

May 19, 2014 6:51 pm Published by Comments Off on Operating Expenses

Cash outlays necessary to operate and maintain a property.  Examples of operating expenses include real estate taxes, property insurance, property... View Article