Technical guides to commercial real estate lending, valuation, leasing, and licensing, written for the brokers, underwriters, and analysts who work the deals.
10 articles
A cap rate is a commercial property's net operating income divided by its price. See what a high or low rate means, the Fed's 2026 data and how lenders use it.
Commercial real estate glossary: 56 terms grouped by listing, lease, value and loan, from cap rate and NOI to NNN, CAM, DSCR and SNDA, with one worked example.
Commercial real estate market cycles explained: the four phases, what interest rates do to value and loans, where lending stands in 2026 and how to find deals.
Commercial real estate lending explained: how the loans work, how lenders size them with LTV, DSCR and debt yield, what sets the rate and how to qualify.
Commercial real estate investing explained: the ways to invest, what a loan does to your return, how to buy and sell a building, and US and Canadian tax rules.
Commercial real estate leasing explained: gross, modified gross and NNN leases, how rent and CAM are calculated, rent increases, and what lenders check.
How commercial real estate brokerage works: who a broker represents, who pays the commission, the dual agency rules in Texas, Ontario and Quebec, and GSA data.
Commercial real estate careers span brokerage, appraisal, lending and property management. See the licence each needs, the May 2025 pay and how Quebec differs.
Commercial real estate valuation uses three approaches, and cap rates drive most of the answer. See one building valued three ways and when an appraisal is due.
Commercial real estate is property valued on the income it produces. See the unit threshold, the asset classes, and how lenders price and size a loan.