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Recruiter's Glossary

Examples: Zoning • Triple Net Lease • Market Rent

Real Estate Terms

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

Brownfield

Shell Building

Due Diligence

Leasing Commission

REIT

FAR

Phase I ESA

Environmental Impact

Sale-Leaseback

Zoning

Adaptive Reuse

Core Asset

Title Insurance

Mixed-Use

As-Built

Greenfield

Absorption Rate

Encumbrance

Modified Gross Lease

Triple Net Lease

Vacancy Rate

Opportunistic

Ground Lease

Core-Plus

Development Deal

GRM

Estoppel Certificate

Repositioning

Class A/B/C

SNDA

Cash-on-Cash Return

Site Plan

ADA Compliance

Operating Expense

Rent Roll

Entitlements

Building Code

DCF Analysis

IRR

NOI

Value-Add

Face Rent

Market Rent

Tenant Improvement

Build-to-Suit

Cap Rate

Certificate of Occupancy

Effective Rent

Gross Lease

1031 Exchange

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