Lease Abstraction by Property Type

Office Buildings

Avg term: 5–10 years

Office buildings encompass a broad spectrum of commercial real estate — from Class A downtown towers to suburban campus-style office parks — and represent one of the most complex lease structures in commercial real estate due to the prevalence of base-year expense pass-throughs, tenant improvement allowances, and multi-layered rent structures.

Retail Strip Centers

Avg term: 5–10 years

Retail strip centers are open-air shopping centers containing multiple retail tenants in a single-story or low-rise configuration, typically anchored by a grocery store, drug store, or national retailer.

Shopping Malls

Avg term: 5–10 years

Shopping malls are enclosed retail centers anchored by major department stores or national retailers, with in-line tenants occupying smaller spaces accessed by enclosed common areas.

Industrial Warehouses

Avg term: 5–15 years

Industrial warehouse properties are typically single-tenant or multi-tenant facilities used for distribution, storage, manufacturing, and logistics operations.

Flex Industrial

Avg term: 3–7 years

Flex industrial properties combine warehouse/distribution space with office space under the same roof, typically in a ratio ranging from 20%/80% to 50%/50% office-to-warehouse.

Medical Office

Avg term: 5–15 years

Medical office properties are purpose-built or converted facilities housing healthcare providers including physician practices, surgical centers, diagnostic imaging, physical therapy, and specialty clinics.

Data Centers

Avg term: 5–20 years

Data center leases govern facilities housing mission-critical computing infrastructure for hyperscale cloud providers, enterprise IT operations, and colocation tenants.

Self-Storage

Avg term: 10–25 years (facility leases)

Self-storage leases govern facilities providing individual storage units rented to consumers and businesses for personal property storage.

Restaurant Spaces

Avg term: 10–15 years

Restaurant leases are among the most complex and tenant-unfavorable lease structures in commercial real estate, combining high build-out costs, percentage rent provisions, continuous operation requirements, specialized use restrictions, and extensive landlord approval rights over signage and exterior appearance.

Grocery-Anchored Centers

Avg term: 5–10 years (in-line); 15–25 years (anchor)

Grocery-anchored shopping centers are retail centers where a grocery store serves as the primary traffic driver, typically occupying 40,000–65,000 square feet as the anchor tenant.

Mixed-Use

Avg term: 5–10 years (retail/office components)

Mixed-use properties combine two or more different property types — such as retail on the ground floor with residential or office above — within a single development or building.

Bank Branches

Avg term: 10–15 years

Bank branch leases govern retail banking locations including full-service branches, ATM-only spaces, and drive-through banking facilities.

Automotive Dealership

Avg term: 10–20 years

Automotive dealership leases govern large-format retail facilities combining vehicle showrooms, service departments, parts storage, and outdoor vehicle display areas.

Gas Station & Convenience

Avg term: 10–25 years

Gas station and convenience store leases govern facilities combining fuel sales (gasoline and diesel), a convenience store, and often additional uses such as car washes, quick-service restaurants, and EV charging stations.

Multifamily Commercial

Avg term: 3–7 years (retail components)

Multifamily commercial leases cover the commercial and amenity components of residential apartment communities, including ground-floor retail spaces, leasing offices, fitness centers, business centers, and parking structures that serve both residents and commercial tenants within a multifamily development.