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Glossary

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FAÇADE 

The outside front wall of a building

 

FEASIBILITY ANALYSIS

The process of evaluating a proposed project to determine if that project will satisfy the objectives set forth by the agents involved (including owners, investors, developers, and lessees).

 

FENESTRATION

The arrangement of windows and doors on the elevations of a building.

 

FINANCIAL LEVERAGE

The use of borrowed funds to acquire an investment.

 

FINANCIAL OFFICE

Buildings used for financial services such as bank headquarters and securities and brokerage firms.

 

FINANCIAL RISK

The possible change in an investment’s ability to return principal and income.

 

FIXED OPERATING EXPENSE

Costs that do not change with building’s occupancy rate. They include property taxes, insurance, and some forms of building maintenance.

 

FIXTURES

Any property permanently attached to real property.

 

FLEX SPACE

Space that is flexible in terms of what it can be used for (for example, space that could be utilized for industrial or office activities).

 

FLOODPLAIN

A level land area subject to periodic flooding from a contiguous body of water. Floodplains are delineated by the expected frequency of flooding. For example, an annual floodplain is expected to flood once each year.

 

FORECAST

An estimate or prediction of a future condition or outcome.

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