Commercial Real Estate Definitions - From A to N

Commercial real estate is distinctly different from residential real estate. The terminology is very different and here is a list of new terms from A to M.

Commercial Terms

According to Value: The value of the property when computing property taxes.

Build to Suit: A customized design and build approach for a single tenant space usually resulting in a single occupant building which is then leased or sold to the tenant.

Certificate of Occupancy: Issued by a city building department and is a necessary requirement prior to moving into the space.

Common Area Maintenance: Typically an annual charge assessed to tenants based on their percentage of occupancy to pay for maintenance of parking lots, bathrooms and open areas.

Demising Wall: A wall between two separate suites in a building with multiple tenants. In many states, the demising wall must meet specific fire safety standards.

Flex Space: A building providing mixed-use space such as an area combining an office and warehouse.

Gross Square Feet: Usually refers to gross footage of a building. GSF is typically arrived at by calculating the footage from the outside of exterior walls multiplied by the vertical footage.

HVAC: Refers to the climate control systems for a building including heating and air conditioning.

Mechanic's Lien: A legal claim typically filed by a subcontractor to obtain payment for services rendered. The claim arises under state law and is dependent on each states particular law.

Unlike residential real estate, commercial real estate is primarily considered a business transaction. Learn the terms and you're well on your way to moving smoothly through the process.

Posted by Adam Cassell on December 13, 2008 at 12:00 AM

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Adam Cassell is affliated with Century 21 Home Specialists, which is located in Baltimore, MD. For further assistance please use the contact information located on the right.

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Local Information for Baltimore, MD

Latitude: 39.307956 -- Longitude: -76.617016

ZIP Codes for Baltimore, Maryland	21201 21202 21203 21204 21205 21206 21207 21208 21209 21210 21211 21212 21213 21214 21215 21216 21217 21218 21219 21220 21221 21222 21223 21224 21225 21226 21227 21228 21229 21230 21231 21233 21234 21235 21236 21237 21239 21240 21241 21244 21250 21251 21252 21263 21264 21265 21268 21270 21273 21274 21275 21278 21279 21280 21281 21282 21283 21284 21285 21286 21287 21288 21289 21290 21297 21298
Area Code for Baltimore, Maryland	410
Time zone for Baltimore, Maryland	EST

Other Area Cities: Bel Air, MD Odenton, MD Cockeysville, MD Baltimore, MD Catonsville, MD Ellicott City, MD Towson, MD Dundalk, MD Lansdowne, MD Pikesville, MD Fort Meade, MD Glen Burnie, MD Middle River, MD Severn, MD South Gate, MD Owings Mills, MD Columbia, MD

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Baltimore is an independent city located in the U.S. state of Maryland on the eastern coast of the United States of America. As of 2005, the population of Baltimore City was 641,943 and the Baltimore-Towson metropolitan area has approximately 2.6 million residents . Baltimore is the largest city in Maryland and serves as the state's major cultural and industrial center. The city is named after the founding proprietor of the Maryland Colony, Lord Baltimore in the Irish House of Lords. Baltimore became the second leading port of entry for immigrants to the United States during the 1800s. The city is a major U.S. seaport, situated closer to major midwestern markets than any other major seaport on the East Coast. Because there is also a Baltimore County surrounding (but not including) the city, it is sometimes referred to as Baltimore City when a clear distinction is desired. -- Source: Wikipedia.com

Maryland 2000 Census Population Profile Map

	Baltimore	Maryland	United States
Population	651,154	5,296,486	281,421,906
Median age	35	36	35.3
Median age for Male	33.3	34.9	34
Median age for Female	36.5	37	36.5
Households	257,996	1,980,859	105,480,101
Household population	625,401	5,162,430	273,643,273
Average household size	2.42	2.61	2.59
Families	147,154	1,359,318	71,787,347
Average family size	3.16	3.13	3.14
Housing units	300,477	2,145,283	115,904,641
Occupied units	257,996	1,980,859	105,480,101
Vacant units	42,481	164,424	10,424,540

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Commercial Real Estate Definitions - From A to N

Local Information for Baltimore, MD

Latitude: 39.307956 -- Longitude: -76.617016

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