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Recruiter's Glossary

Examples: Estoppel Certificate • Shell Building • Tenant Improvement

Real Estate Terms

Understanding these terms will help you better evaluate candidates and communicate with hiring managers

ADA Compliance

Shell Building

Build-to-Suit

Leasing Commission

Absorption Rate

Greenfield

Core-Plus

Rent Roll

Tenant Improvement

Market Rent

Cash-on-Cash Return

Environmental Impact

SNDA

Value-Add

Class A/B/C

As-Built

Phase I ESA

REIT

Cap Rate

Effective Rent

Vacancy Rate

NOI

Face Rent

1031 Exchange

Site Plan

Brownfield

Modified Gross Lease

Development Deal

Triple Net Lease

Core Asset

Building Code

GRM

Ground Lease

Adaptive Reuse

Estoppel Certificate

Entitlements

Gross Lease

Title Insurance

Encumbrance

IRR

Mixed-Use

Due Diligence

Repositioning

Sale-Leaseback

Certificate of Occupancy

FAR

Opportunistic

DCF Analysis

Operating Expense

Zoning

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