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
Takeup
When the space is physically occupied. (Synonym for leasing activity)
Tilt Up Construction
A construction technique in which concrete panels for structural support for the buildings are cast at the site and hoisted, or tilted, upright into vertical position. Although it is possible that a pre-cast panel would be similarly tilted into position, the term tilt-up is reserved for panels cast on site.
Total Inventory
Total inventory is the total square footage of net rentable area in a specific market. It includes the net rentable area in buildings that have received a certificate of occupancy (COO or CO). (See delivered.) Total inventory increases when a new building is delivered and decreases when an existing building is destroyed, demolished or its use changes. Total inventory includes office properties under renovation when the renovation is not major and excludes office properties undergoing conversion.    Market analysts often create statistical subsets of inventory. Inventory analysis in certain markets may exclude selected building types or attributes such as minimum size thresholds, government, medical, single tenant or owner occupied buildings. Disclosure of the elements of a competitive inventory subset including market boundaries is required. (Synonym: Stock)
Triple Net Lease
The tenant pays taxes, maintenance and property insurance and all costs associated with their occupancy, including personal property taxes, janitorial services and all utility costs. The landlord is responsible for the roof, the structure and sometimes the parking lot.
Trophy Building
A landmark property that is well known by the public and highly sought by investors such as pension funds, insurance companies, foreign investors and tenants. Generally one-of-a-kind architectural designs, with the highest quality of materials and finish, expensive trim. These properties are more desirable than Class A buildings. (Synonym: AAA)
Truck Court
An area adjacent to a building’s loading docks comprising the loading and truck maneuvering areas. The most important measure of the truck court is the depth from the building to the end of the truck court, as this will impact truck maneuverability.
Truck Terminal
A specialized distribution building for redistributing goods from one truck to another as an intermediate transfer point. These facilities are primarily used for staging loads (rather than long-term storage) and possess very little if any storage area.
Truss
A framework of beams forming a rigid structure (as a roof truss).
Truss Height
Distance from the floor to the bottom edge of any truss used to support the ceiling or roof of a building. If there are any hanging objects, beams or joists below the truss the clear height will be lower than the truss height.