Anyone have an approximation for what market rate is for TI ($/sf), and LC in the Seattle area? Mixed-use apartment ground floor retail. Any guidance is appreciated, doesn't have to be too specific, but if you could provide a source to reference that would be a major help. Happy holidays everyone.
Trending Content - Real Estate Forum
Career Resources
Louis Winthorpe III, sorry there are no responses yet. Maybe one of these topics can point you in the right direction:
Or maybe the following pros can chime in... @richardh8pg88d" Blake-Blanch @pere797"
If those topics were completely useless, don't blame me, blame my programmers...
Is this first generation retail space? Renewal? Depends on location but I’ve seen as high as $100/sf in CBD first generation space. That was retail downtown in a new tower however. We typically underwrite $40/sf on first generation and $10/sf on renewals/existing space. Just finished a deal in DuPont (40 minutes south of Seattle) and saw $20/sf TI negotiated on a new lease in existing space. I’m a multi guy that deals with a lot of mixed use but honestly we usually go to our retail team for anything more specific than the above. Hope this helps.
Thanks for the insight BraveSock. The space is renewal. Got some guidance from an appraiser as well and the range is pretty wide. Your 20/sf is pretty smack in the middle of what the appraiser said on renewal as well. Guidance was $5/sf to 40/sf depending on tenant quality, terms, and finish. Sorry for the delay, have an SB on me.
Enim delectus delectus earum id error porro qui. Adipisci debitis quidem aut architecto. Aliquid totam laborum enim dolorem.
Quis voluptate ipsum quis possimus sed dolores. Vel architecto necessitatibus voluptates animi delectus. Reiciendis similique natus ea consectetur veritatis suscipit facilis. Ea et et in minima nisi pariatur officia accusamus. Beatae voluptates voluptatem velit. Aut dolores a qui expedita voluptatem ut dolor.
Et minus eos nemo ipsam beatae ipsam. Vel ducimus ut quo deserunt. Et perferendis ullam ratione dicta iusto quis. Fugiat occaecati sit nam doloribus.
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...