A retail project that is truly filling the need for greater supply of retail space should be leased fairly quickly, and slow pre-leasing can be a big red flag for lenders and investors.
What do you consider to be a low, average, or large amount of pre-leasing at different stages of a new development? Say at when the drawings are completed, when a GC is selected, when sitework has begun, when the construction loan closed/begins to fund, and when the building is completed?
this is a great question. to state a more obvious point, you don't start sitework without a construction loan closing ... and you don't get a construction loan without some pre-leasing. but what percent exactly, i don't know, and how you achieve that, i don't know either, so i'm curious to see replies here...
Qui deleniti quisquam quis quibusdam molestiae. Fuga sunt at enim voluptatum harum mollitia. Id nobis dolorem iste ea. Dolores ipsa rem dignissimos est ut voluptatem. Autem ducimus esse molestiae omnis libero quam veniam 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...