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A commercial office/retail building. Commercial property, also called commercial real estate, investment property or income property, is real estate (buildings or land) intended to generate a profit, either from capital gains or rental income. [1] Commercial property includes office buildings, medical centers, hotels, malls, retail stores ...
OfficeMax is an American office supplies retailer founded in 1988. As an independent chain, it was the third-largest office supply retailer in the United States. Following a 2013 merger, it is currently a brand and subsidiary of Office Depot. [1] The first OfficeMax store, located in Mayfield Heights, Ohio. OfficeMax in Mexico City.
It is the largest real estate franchise in the United States by sales volume as of 2022. [3] Founded in 1983 by Gary Keller and Joe Williams, it grew from a single office in Austin to approximately 1,100 offices and over 200,000 associates worldwide as of 2022. [3] It is an Inc. 5000 company and has been recognized as one of the highest rated ...
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Nearly 70 million square feet of office space, making up around 1.7% of the total U.S. supply, has been undergoing conversion projects to create residential-use spaces, or spaces for other uses ...
Market leasing assumption. A market leasing assumption ( MLA ), sometimes known as a speculative rent profile ( spec rent) or market rent, is an accounting method used in commercial real estate to produce budget predictions and valuations. It is a sort of template, or standardized lease, that is applied to rental units for periods in the future ...
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