Real Estate Terminology

Lot Depth: Measurement from Front to Back of Property
Lot Depth measures the distance from the front to the back of a property, perpendicular to the frontage. It is a crucial metric in real estate for determining the usability and value of land.
Usable Square Footage: Definition and Importance in Real Estate
Understanding the significance of Usable Square Footage in Real Estate; this term typically refers to Net Leaseable Area (NLA), amounting to the tenant's exclusive space.
Acre: Unit of Land Area Measurement
An Acre is a unit of land area used in the imperial and US customary systems, equaling 160 square rods, 10 square chains, 4,840 square yards, 43,560 square feet, or 0.405 hectares.
Reservation Price: Peak Amount Buyer Willing to Pay
Reservation Price defined as the maximum price a buyer is prepared to pay to achieve primary objectives, such as affordability and aligning with market value.

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