Frequently Asked Questions

Financial Metrics

What is CNR (Client Net Revenue)?

CNR (Client Net Revenue) is the net income the owner receives after the operator deducts all operating costs and its own compensation. The owner does not see gross billings: they receive the already-clean net amount.

The trade-off for receiving a smaller share is that the operator takes on the risk that the space does not fill. If occupancy drops, the operating loss is theirs, not the owner's.

Example: in the proposed model for the Phase 2 offices, Year 1 CNR would be USD 142,000 annually (about USD 11,833 per month, close to COP 37 million monthly), with an 80% margin on the offices' gross revenue.

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What is CNR (Client Net Revenue)? | FAQ | Circular Urban