Calculate the commercial building ... Lease up Cost (aka a value add)
Vacant to occupied building. What is the total cost?
Sure you know many of these costs… like rent loss, leasing commissions, tenant
improvements. But there are more costs... that need to be included.
Suppose your building will have an average occupancy of 95% and vacancy of 5%,
and it is currently 50% occupied. Your question is: What is the total expected
cost (and value add) to lease the remainder 45%?