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