Fundamentals of Commercial Real Estate Book

Notes to the Reader     vii
Preface     ix
About the Author     xiii
Acknowledgments     xv
Commercial Real Estate as a Business
Key Terminology     1
Overview     1
Learning Objectives     1
The Commercial Real Estate Business     2
Commercial Real Estate and the Financing Industry     11
Commercial Real Estate and the Appraisal Industry     23
Commercial Real Estate and the Investment Services Industry     26
Commercial Real Estate and the Counseling Industry     28
Commercial Real Estate and Related Industries     29
Commercial Real Estate and Investment Banking     30
Introduction to Commercial Brokerage Transactions     34
Summary     41
Review Questions     44
Commercial Property Types and Office Properties
Key Terminology     49
Overview     49
Learning Objectives     49
The Nature of Commercial Real Estate     50
Commercial Property Types     51
Office Properties     52
Summary     65
Review Questions     67
Retail Properties
Key Terminology     71
Overview     71
Learning Objectives     71
Retail Properties     72
Retail Building Design Standards     82
Retail Building Leasing, Rental, and Expense Standards     92
Summary     99
Review Questions     101
Commercial Real Estate as an Investment
Key Terminology     105
Overview     105
Learning Objectives     105
What Real Estate Investors Expect     106
Advantages of Commercial Real Estate as an Investment     106
Combining the Advantages of Commercial Real Estate as an Investment     119
Disadvantages of Commercial Real Estate as an Investment     121
Summary     128
Review Questions     129
Market Analysis for Commercial Real Estate
Key Terminology     133
Overview     133
Learning Objectives     133
What Is Market Analysis?     134
Approach to Market Analysis     141
The Interaction of Supply and Demand     150
Property Market Share Analysis     153
Continuum of Market Analysis with Other Forms of Analysis     164
Summary     167
Review Questions     169
Answer Key     173
Web Site Directory     183
Glossary     191
Index     207