what does mg mean in commercial real estate.

In Leasing Property - Asked by John L. - Jan 31, 2017
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Answer(s)

James B.
Broker/Agent
Allentown, PA

John,
Probably means Modified Gross referring to a type of commercial lease.

Jan 31, 2017
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Bruce F.
Broker/Agent
Pittsburgh, PA

Modified Gross

Jan 31, 2017
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Zachary S.
Researcher
Magazine, AL

It means Modified Gross

Feb 1, 2017
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Chris S.
Broker/Agent
Coeur D'alene, ID

MG = Modified Gross. Commercial leasing ranges from NNN (Triple Net) to FSG (Full Service Gross). NNN rent does not include any expenses, whereas FSG includes all expenses. Modified Gross (also called Industrial Gross, Modified Net, Gross+, etc) can be anything between NNN and FSG. In our market MG usually means the tenant pays their rent plus their own utilities, janitorial and basic repairs and maintenance.

Mar 16, 2017
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