article thumbnail

Phases of Commercial Real Estate Development

Construction Marketing

Commercial real estate development involves the process of acquiring, designing, constructing, and leasing or selling commercial properties such as office buildings, retail centers, and industrial parks. This can be done through a purchase or lease agreement. You must secure financing for the project. To Lease or Sell?

article thumbnail

Project Foundation Pt. 2: Building the Master Budget

Stok

The foundation for any successful project is a detailed schedule and budget. Now on the financial side, the Project Manager should work closely with the Client on the conceptual budget at project inception. This budget will evolve into a Master Budget as the site is selected and more information is known about the scope of the project.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Job Order Contracting - Untitled Article

Job Order Contracting

Billion – Annual Operation Costs $7.92 – Average O&M Costs per Square Foot $27.49 – Average Lease Costs per Square Foot. Lease costs for leased assets are comprised of two sub elements: lease annual rent to lessor and lease annual operating and maintenance costs. million acres $16.5

Leases 100
article thumbnail

What are Today's Best New Retail Developments? | Hard Hat Chat

HardHatChat

It doesn’t matter what kind of new shopping center construction you desire–whether it is a Power Center, a Lifestyle Center, or a strip mall in a high-traffic infill location–nothing will be built unless the numbers make sense for the commercial construction budget. Construction budgets can make or break a deal. Best Practices.

Retail 216
article thumbnail

Choosing You’re Company’s Office Space

Constructonomics

Of course, budget is always important in business. When you’re looking to buy or rent commercial real estate , take into account your current and future budget. From renovations to upgraded security features, most spaces need at least some work. But, choosing a workspace doesn’t just come down to your business’s budget….

Office 122
article thumbnail

Understanding Today’s Separation of Landlord and Commercial Tenant Construction

HardHatChat

This is most popular with big retail leases in 2011. Landlords don’t want to lease space to tenants who aren’t financially secure, so they won’t accept just any deal. Landlords are pairing with the best retail contractors to make sure construction budgets work with proposed rents. Turnkey from spec.

article thumbnail

Equipment Financing Means Flexible Solutions For Business Needs

Buisness Facilities Contributed Content

Sutton, CAE, President and CEO of the Equipment Leasing and Finance Association. economy needs to get moving again; however, their nature of being newer, less capitalized or less established creates a Catch-22 that impedes their ability to secure the credit they need. By William G. Meet the business’s equipment needs.

Finance 63