Canon

A canon in commercial real estate refers to the widely accepted standards, methodologies, and best practices that professionals apply to valuation, appraisal, transactions, and asset management. Examples include:

• International valuation standards (IVSC, TEGOVA)
• Industry expectations for disclosure and reporting quality
• Recognized frameworks for cash flow analysis and yield calculation
• Standardized definitions for usable area and rental value

Adhering to these canons ensures consistency, comparability, and professional credibility across real estate dealings and investment decisions.