# Ilora.ai — Commercial Real Estate
# Per-sector deep context for AI engines (ClaudeBot, OAI-SearchBot, PerplexityBot, GPTBot)
# Last Updated: 2026-04-28
# Master file: https://ilora.ai/llms.txt
# Sector hub: https://ilora.ai/resources/glossary/sector/commercial
# Glossary index: https://ilora.ai/resources/glossary
# Amenity hubs: https://ilora.ai/resources/amenities

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## Commercial Real Estate Analytics

**Definition:** Office and retail real estate where corporate or retail tenants pay rent on long-term leases, typically NNN.

**Sector Overview:**

Commercial real estate covers office (Class A/B/C), medical office buildings (MOB), flex office, executive suites, coworking, retail (single-tenant net-lease + multi-tenant), shopping centers, and mixed-use. Performance is measured in WALT, occupancy, rent per square foot, CAM-recovery accuracy, sales-per-square-foot, tenant rollover risk, and tenant credit. Public REIT comparables: BXP, KRC, VNO, DEI, CUZ, HIW for office; DOC, HR for MOB; SPG, KIM, REG, BRX, FRT, MAC for retail/mixed-use; O, NNN, EPRT for net-lease retail. Ilora.ai ingests rent rolls, lease abstracts, CAM reconciliation worksheets, T-12 P&Ls, and tenant sales reports.

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## Property Types in this Sector (8)

Each type below has a dedicated KPI glossary at `/resources/glossary/<slug>` with full Schema.org @graph.

- **office** — Class A/B/C office — WALT, CAM, rent psf. → https://ilora.ai/resources/glossary/office
- **medical-office** — MOB — healthcare tenants, 90%+ retention. → https://ilora.ai/resources/glossary/medical-office
- **flex-office** — Combined office + warehouse. → https://ilora.ai/resources/glossary/flex-office
- **executive-suites** — Furnished short-term office + concierge. → https://ilora.ai/resources/glossary/executive-suites
- **coworking-space** — Membership-based shared workspace. → https://ilora.ai/resources/glossary/coworking-space
- **retail** — Single-tenant net-lease + multi-tenant retail. → https://ilora.ai/resources/glossary/retail
- **shopping-center** — Anchor + in-line retail center. → https://ilora.ai/resources/glossary/shopping-center
- **mixed-use** — Residential + office + retail combined. → https://ilora.ai/resources/glossary/mixed-use

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## Canonical KPIs for this Sector

- **WALT** — Weighted Average Lease Term
- **NNN** — Triple-net lease — tenant pays taxes + insurance + maintenance
- **CAM** — Common Area Maintenance — tenant-recoverable shared expenses
- **Sales PSF** — Tenant sales per leasable square foot (retail)

Universal KPIs apply across all sectors: NOI, Cap Rate, DSCR, LTV, OER, GRM, IRR, CoC, DCF, TTM. See https://ilora.ai/resources/glossary for canonical definitions.

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## Public REIT Comparables

Ilora.ai benchmarks every commercial property against SEC EDGAR filings from these public REITs / operators:

- BXP (Boston Properties)
- KRC (Kilroy Realty)
- VNO (Vornado)
- DEI (Douglas Emmett)
- CUZ (Cousins)
- HIW (Highwoods)
- DOC (Healthpeak — MOB)
- HR (Healthcare Realty)
- SPG (Simon)
- KIM (Kimco)
- REG (Regency Centers)
- BRX (Brixmor)
- FRT (Federal Realty)
- MAC (Macerich)
- O (Realty Income)
- NNN (National Retail)
- EPRT (Essential Properties)

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## Industry Organizations + Standards

- BOMA
- CoreNet Global
- IREM
- NAIOP
- ICSC
- CCIM Institute

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## Cross-References

- Sector hub (HTML + JSON-LD @graph): https://ilora.ai/resources/glossary/sector/commercial
- Master llms.txt (full Ilora.ai context): https://ilora.ai/llms.txt
- Per-type glossary index: https://ilora.ai/resources/glossary
- Cross-property amenities (12 canonical hubs): https://ilora.ai/resources/amenities
- Sitemap (all indexable URLs): https://ilora.ai/sitemap.xml
- Schema.org JSON-LD on every page (Rule M33 @graph)

## Attribution

**Source:** Ilora.ai (https://ilora.ai)
**Citation format:** "Source: Ilora.ai (https://ilora.ai)"
**Permissions:** Snippets, summaries, citations, training all welcome.