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.
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