Common Acronyms in Commercial Real Estate

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BOMA Building Owners and Managers Association
BOV Broker’s Opinion of Value
BPO Broker’s Price Option (see also BOV)
CCIM Certified Commercial Investment Member
DMCAR Denver Metro Commercial Association of Realtors
ESFR Early Suppression Fast Response
FAR Floor Area Ratio
FS or FSG Full Service, or Full Service Gross
FSBO For Sale by Owner
GLA Gross Leasable Area
HVAC Heating Ventilation and Air Conditioning
ICSC International Council of Shopping Centers
IRR Internal Rate of Return
LOI Letter of Intent
MLS Multiple Listing Service
NAIOP National Association of Industrial and Office Properties
NAR National Association of Realtors
NNN Triple Net Lease
NOI Net Operating Income
NPV Net Present Value
PSF Per Square Foot
REIT Real Estate Investment Trust
RFP Request for Proposal
RSF Rentable Square Footage
SDR Standard Direct Rate
SF Square Foot or Square Feet
SIOR Society of Industrial and Office Realtors
TI Tenant Improvements or Tenant Improvement Allowance
TOD Transit Oriented Development
YTD Year to Date

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