Interior works to prepare facility for operation, incl. units, signage, IT systems.
Useful Terms
Fit-Out
Glossary
- Absorption Rate
- Access Control System
- Ancillary Revenue
- Appraisal / Valuation
- Asset Management
- Brownfield Site
- Build-Out
- CapEx (Capital Expenditure)
- Catchment Area
- Climate-Controlled Storage
- Commercial Agent
- Conversion
- Due Diligence (DD)
- Dynamic Pricing
- EBITDA
- Feasibility Study
- Fit-Out
- Franchise Model
- Gross Floor Area (GFA)
- Gross Internal Area (GIA)
- Gross Lettable Area (GLA)
- Insurance Sales
- IRR (Internal Rate of Return)
- Joint Venture (JV)
- KPI (Key Performance Indicator)
- Land Bank
- Lease-Up Period
- Loan-to-Value (LTV)
- Management Agreement
- Marketing Channels
- Mixed-Use Development
- Net Operating Income (NOI)
- Non-Disclosure Agreement (NDA)
- Occupancy Rate
- Operating Expenses (OpEx)
- Planning Permission (Use Class B8)
- PMS (Property Management System)
- Pricing Optimisation
- Promotional Discounts
- Refinancing
- RevPAF (Revenue Per Available Foot)
- Risk Mitigation
- Security Audit
- Self-Storage Association (SSA UK)
- SPV (Special Purpose Vehicle)
- Stabilisation
- Supply Ratio
- Turnover (Churn)
- Valuation Yield
- Value Engineering (VE)
- Variable Costs
- Wayfinding
- Yield on Cost (YOC)