Question
Based on your market leasing assumptions, a new tenant will receive a tenant improvement allowance of $15/sf; a renewing tenant receives $5/sf. If the renewal
Based on your market leasing assumptions, a new tenant will receive a tenant improvement allowance of $15/sf; a renewing tenant receives $5/sf. If the renewal probability for a tenant occupying 8,000 square feet of space is 50%, what is the expected tenant improvement cost in the first year of a new lease?
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International Financial Management
Authors: Jeff Madura
10th Edition
1439038333, 9781439038338
