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Commercial Real Estate Acronyms From CBA Seattle Commercial Property Listings

Commercial Real Estate Acronyms From CBA Seattle Commercial Real Estate Listings

I love deciphering the code in Seattle real estate listings, but never as much as I enjoy when I comb through commercial property listings in CBA - CBA (Commercial Brokers Association) is the local Seattle area commercial real estate "MLS" for Seattle commercial real estate properties - both for lease and for sale. Our office has Seattle real estate brokers who specialize and work in both residential and commercial real estate around Seattle so it is always interesting to listen to the different lingos between the Seattle commercial brokers and the Seattle real estate brokers.

PSF=Per Square Foot
SF= Square Foot
TI = Tenant Improvement (also TIs are Tenant Improvements)
REO = Real Estate Owned as in Seattle Commercial Foreclosures/ Seattle Commercial REO Properties (Seattle Commercial Distressed Properties
ADA = Americans With Disabilities
TIC = Tenants In Common
PITI = Principal, Interest, Taxes, Insurance
NDA = Non Disclosure Agreement
CAM = Common Area Maintenance as in CAM Charges
POF = Proof Of Funds
OER = Operating Expense Ratio
COO = Certificate of Occupancy
PV = Present Value
NPV = Net Present Value
FV = Future Value
BOMA = Building Owners & Managers Association
Obviously there are more, but I always find it interesting to note each industry's acronyms. If you need help buying or selling Seattle commercial property, please feel free to get in touch with us. Cooper Jacobs Real Estate has Commercial Real Estate Brokers ready to help you in whatever Seattle neighborhood or Seattle suburb you are interested in.
Courtney Cooper 206.850.8841 courtney@cooperjacobs.com
Posted Friday Dec 09