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Glossary of Commercial Real Estate Terms

The best glossary of commercial real estate terms in the world. Period.

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Commercial Real Estate Terms

W
Term Definition
Walk-Off Elevator Exposure

Having an entrance door or reception area that is visible immediately after stepping out of an elevator.

Wet Lab

A laboratory with fume hoods, running water, and sinks.

Window Mullions

The divisions between windows, which can accommodate or accept tenant walls or partitioning to create separations between private offices or rooms.

Work Letter

A document supplied by a Landlord which includes building standard Tenant improvements, plus any additional items, to be paid for by the Landlord or by the Tenant, with an indication as to which is responsible for each item.

Working Drawings

Architectural and engineering drawings necessary to obtain a building permit and to construct a Tenant's interior improvements; also called "construction drawings" or "CDs".

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