Commercial Real Estate Dictionary

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Architect

Definitions of Architect
  • An architect is a designer of buildings, environments, and spaces. The architect may also consult on or supervise the construction process.
    The developer was very satisfied with the architect he selected to design the last office complex he built.


What Is An Architect?

An architect is a professional who designs the built environment. The built environment includes buildings, landscapes, and interior spaces.

What Education do Architects Need?

Architects are typically licensed and are required to complete an higher level of education such as a four year university degree. They may also be required to have a certain level of hands on experience. Specific educational requirements vary by state and country.

What Do Architects Do?

Built environments are designed by architects under a multitude of requirements and constraints. In addition to the space's use and needs of the intended occupants, built environments are subject to environmental, legal, and economic factors that determine building design. Examples include zoning laws, market demand for space, environmental standards, surrounding neighbors and communities, and budget of the client.

As a result, an architect provides an integrated design of a building or space that is functional for its occupant, in compliance with legal requirements and restrictions, adapted to its environment, and within the resources of their client.


        

Real Estate Terms

1. How much cash will be required to make your mortgage payments? Debt Service >>


2. Who can you go to to finance your construction or development project? Construction Lender >>


3. What professional can assist you in maximizing the value of your investment property? Asset Manager >>


4. How can we assess future commitment to infrastructure to support our communities and future development? Capital Improvements Projects >>


5. What measurement indicates if a property's financial performance can cover its debt? DSCR >>


6. What part of a city is the center of urban economic development? CBD >>


7. What allows property owners and professionals to estimate the market value of a commercial property? Comparable Property >>


8. What can landords do to entice prospective tenants? Concession >>


9. What critical factor do stores depend on to drive traffic? Anchor Tenant >>


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