Summary: The accuracy of a cost estimate can make or break a commercial real estate development project. Finding the perfect partner will help your next construction project stay on budget and time. Let’s look at hard and soft expenses, examples of both, and how to estimate the entire cost of a development project. Understanding some […]
THE COSTS INVOLVED IN DEVELOPING A COMMERCIAL REAL ESTATE Read More »
Summary: As the business costs are rising, what will companies find most valuable when expanding? Costs and bottom line drive your next project, so finding a competent preferred developer will help you navigate and reduce costs. Today, corporate expenses are higher than ever. The bottom line is still a key priority in this environment of
THE COSTS OF HIRING VERSUS NOT HIRING A PREFERRED DEVELOPER Read More »
In the case of ground-up custom development, the saying “ignorance is bliss” cannot be more incorrect. You cannot avoid something you are not aware of. Therefore, let’s examine the top hidden costs frequently connected with the build-to-suit building and discuss the best ways to avoid them. Changes in Design If a design flaw necessitates revisions,
HOW TO AVOID THE HIDDEN COSTS OF DEVELOPING A BUILD-TO-SUIT PROPERTY Read More »
Typically, the build to suit lease’s work letter contains the construction-related provisions. A tenant should be able to create a comprehensive, useful work letter with the help of a coordinated team of knowledgeable experts and some leverage. The tenant should be able to maximize any potential savings during the improvement’s construction, thanks to this. To
HOW TO CREATE A SOLID BUILD TO SUIT WORK LETTER Read More »
Summary: Estimating hard costs can determine a project’s feasibility. Finding the perfect partner will help your next construction project stay on budget and schedule. It’s crucial to remember that prices for commercial development projects often fall into two main categories: hard costs and soft costs. Given the importance of a detailed budget to a development
HARD COSTS IN COMMERCIAL DEVELOPMENT Read More »
Summary: Is there a 100% chance of being completely ready for the reality of a development endeavor? Of course not. But clear communication, well-defined agreements, and a comprehensive job scope can help your developer grasp your goals and budget. Since you will typically work with your developer for about 18 months, it is crucial to
3 ASPECTS TO CONSIDER WHEN DISCUSSING BUDGET WITH YOUR DEVELOPER Read More »
Summary: Change orders are inevitable in commercial development, but how you prepare for and handle them can affect project success. Looking for ways to avoid change orders? Learn more here! Changes may be made to any commercial construction project along the route. Change orders are unavoidable, even with the best strategy and team. In actuality,
3 WAYS TO AVOID CHANGE ORDERS IN CONSTRUCTION Read More »
Always be prepared for the unexpected, (whatever “they” are). That’s what effective planning entails. Unexpected expenditures may always arise while developing a business property. Broad criteria such as area, size, building type, and the market will often play the most effective in deciding the expenses of a build-to-suit project. If you’re unprepared, several things you
5 UNPREDICTABLE FEES FOR BUILD TO SUIT CONSTRUCTION Read More »
Real Estate Feasibility Studies have plenty of things to talk about, and it is in the table of contents. Looks intimidating doesn’t it? Dont worry, we’ll make it easier for you! Below is basically a simplified version of explanations, etc of what Real Estate Feasibility Studies are and why they are important. Still interested? Then
UNDERSTANDING REAL ESTATE FEASIBILITY STUDIES AND THEIR IMPORTANCE Read More »
Table Of Contents The cornerstone of any successful build-to-suit development project is a build-to-suit lease. In this article, we outline some of the benefits of this kind of commercial real estate deal as well as the key components of a build-to-suit lease. What exactly is a build-to-suit lease? In its most basic form, a build-to-suit
BUILD TO SUIT LEASES AND WHAT THEY MEAN Read More »
