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Search Results for:

Reilly’s Law of Retail Gravitation

Definitions

An approach to estimating the retail trade area (and sales/revenue potential) for a given establishment or center which holds that trade centers draw consumers from neighboring com ...

Related Party Transaction

Definitions

A transfer of resources, services or obligations between a reporting entity and a related party, regardless of whether a price is charged.

Relative Return

Definitions

The return achieved by an asset over a specific time period contrasted to a benchmark; computed as the difference between the absolute return reached by the asset and the return re ...

Remedial Action Plan

Definitions

A detailed summary of the environmental issues found on a property during a site characterization and outlines a plan of action that illustrates which remedies will be used to achi ...

Renewal Option

Definitions

A clause giving a tenant the right to extend the term of a lease.

Rent (Rental) Growth

Definitions

The expected trend in market rental rates over the period of analysis, expressed as an annual percentage increase.

Rent Concessions

Definitions

Cash or cash equivalents expended by the landlord in the form of rental abatement, additional tenant finish allowance, moving expenses or other monies expended to influence or pers ...

Rent Growth

Definitions

The expected trend in market rental rates over the period of projection, expressed as an annual percentage increase.

Rentable Area

Definitions

A tenant’s pro rata share of the entire building, excluding elements of a building that penetrate through the floor to areas below, such as stairs and elevators; measurement ...

Rented Area

Definitions

The amount of space under lease in a building.

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