Developers, Interested in hearing what kind of fee basis you are realizing in your projects. I am in the Bay Area and it varies City to City. I am seeing right now anything from from $7 to $22 per gross building foot (for industrial projects only that is). What are you seeing in your area's? In how many cases are you able to negotiate lower fees and what did you have to do to get that done? Would be interested in hearing feedback from other product types also.
Trending Content - Real Estate Forum
Career Resources
Even the lower part of your range seems pretty high relative to what I've seen. Have a deal in Austin (smaller condo dev deal just outside of CDB), and we're looking at like $2/psf. But that's off of net rentable. anyway, not sure if that's much help or not. I'm not sure I've heard of anyone negotiating down their fees with COA but maybe it's been done.
Most of my experience is with Multifamily in We are usually around $10,000- 14,000 a unit in City and Utility Fees.
I am building office for about $9 a foot in City Fees right now in a small city in California.
Your only negotiation of lower fees is to 'negotiate your valuation'. Basically dont tell them what it really is, tell them something substantially lower and see if they call bullshit. Half the time they will and they will give you a different number, but its still not near your real valuation.
Ducimus tempora dolores deleniti nam et voluptatem. Ratione inventore sed maiores ut. Ut omnis sed molestiae dolor laborum odio. Sit optio reiciendis sit sint deleniti iure. Ut sit assumenda dolorem quia.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...