Case Study due Thursday: Can anybody shed some light on office development budget costs?
100,000 square foot office building. Two tenants occupy the building. #1 tenant occupies 75% while the other occupies 25%. I know it varies by market, but this is an exercise and rough numbers will work.
Right now I'm at -Land: $25 psf -Soft Costs: $10 psf -Hard Costs: $150 psf -Other Development Related: ? -Financing: ? -Contingency: ? -Total Costs: ?
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