Commercial Real Estate Terms and Definitions

Commercial Real Estate Terms and Definitions
2024 Edition

Twenty years ago, the NAIOP Research Foundation funded a project to identify and define key words and concepts in the commercial real estate field. That document, created to provide standardized terminology for the industry, has been regularly revised and updated to reflect current practices and include new information.

The 2024 edition of Commercial Real Estate Terms and Definitions includes nearly 250 terms, including many that have grown in importance since the first edition, such as those related to last-mile distribution and cold storage, and a new section on environmental, social and governance (ESG) building certification standards. The building type and classification matrices have also been updated to match current design standards for new construction.

What’s new in the 2024 edition? Here’s a sample:

View the online glossary here

Download the PDF