Chapter 1-4 Flashcards
Use
residential, commercial, industrial
Tenure
free hold, tenancy, condo, co-op, leasehold
Low density
residential detached/ stand alone homes
Medium density
town houses, row hosuing
High density
high rise housing 10 storey
A class, b class, c class
Commercial rating system A great, b good, c least attractive
Free hold
Full ownership of land and building
Tennancy
occupancy right, ownership belongs to landlord
Condo
joint ownership. u own apartment but not building
Cooperative
You can occupy the space but not have ownership
Leasehold
you own the building but the land is leased
What causes a shift in demand curve
change in income, cost of mortage, population/demographics, economic growth, employment, confidence
Sellers market
when there are more buyers than homes. prices are higher, demand is higher, homes sell quickly
Buyers market
more homes then buyers, prices are lower, houses will sit unsold, buyers have the power
Market analysis
examines market potential and competitivness of the project
Absorption rate
the rate at which the project will sell or lease
Gross space
total square feet of a building
Leasable space
gross space minus common areas, elevators, lobby, restrooms
Efficiency ratio
leasable space/ gross space X100
Vacancy rate
vacant space/ leasable space
Loan to value ratio
loan/ value of projectx100
