A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Government Office Building
A building which is owned and/or at least 90 percent leased by public sector agencies.
Green Globes
Founded in Canada in 1996, Green Globes® is a green building guidance and assessment program that offers a way to advance the overall environmental performance and sustainability of commercial buildings. After achieving a threshold of at least 35 percent of the total number of 1,000 points, new and existing commercial buildings can be certified for their environmental achievements and sustainability by pursuing Green Globes certification that assigns a rating of one to four globes. See www.thegbi.org/green-globes-tools/default.asp?
Gross Absorption
Expressed in total square footage, gross absorption is the total change in occupied space over a given period of time, counting space that is occupied but not space that is vacated by tenants. The inclusion (Total Gross Absorption) or exclusion (Direct Gross Absorption) of sublease space must be disclosed. Gross absorption differs from leasing activity, which is based on the lease signed date and is the sum of all space leased over a certain period of time.
Gross Building Area
The total floor area of a building usually measured from its outside walls. Rentable area can change but the building size is always the same square footage.
Gross Lease
A lease in which the landlord received stipulated rent is obligated to pay all or most of the property’s operating expenses and real estate taxes. Disclosure of the specified costs of operation is required. (Synonym: Full Service Lease)