Cleanest Way to Model Changing SF in Argus
I'm working on a multi-tenant property that was recently remeasured using new the BOMA standards and the total RSF increased accordingly. We will not be charging in-place tenants for the increased SF until their leases rollover.
What's the best way to model this in Argus?
You could create new duplicate suites for every suite # with the new SF for each, and set all the original entries to re-absorb at expiry - though you'll have to deal with manually entering renewal/re-lease dates and possibly base years instead of just slapping a renew % + downtime on it.
Or you could update all the SFs in the existing entries, so long as your in-place lease rent schedule is hardcoded gross $ + fixed CAM % and your future rent schedule is PSF based. Could be a pain if it's not already set up that way.
Optio omnis voluptas enim quibusdam hic. Hic debitis unde exercitationem aspernatur aut ducimus. Dolor debitis inventore ut aut.
Voluptatibus eligendi nesciunt accusantium. Veritatis tenetur est odio doloremque dolorem alias. Cupiditate molestiae aliquam odio sed nihil est. Nihil dolor quidem autem ipsa. Voluptatem eius blanditiis hic odio et natus.
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...