GLOSSARY
VacancyIt refers to the state of a commercial property being unoccupied and available for lease or rent. |
ValuationIt is the process of determining the financial worth of a commercial property. This involves assessing various factors such as the property’s location, size, condition, income potential, comparable sales, and market demand. |
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ValueIt is the monetary worth or estimated price of a property. It represents the amount that a willing buyer would pay and a willing seller would accept in an open and competitive market. |
Vanilla shellAlso known as a “white box,” refers to a commercial space that has basic finishes and infrastructure but lacks interior customization or tenant-specific improvements. |
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