Creative Village Proposal_4.7_draft

PROJECT DESIGN REVIEW

PROJECT LEASE UP

THE PLAN

WHY C&W

INTRODUCTION

THE PLAN

RECOMMENDED LEASE STRUCTURE

PROPOSED LEASE TERM

Ten (10) to fifteen (15) years

Single Tenant: $30 - $31 PSF NNN (assuming $12.00 PSF in Opex) plus tenant pays electric and janitorial (estimate $3.00 PSF)

PROPOSED ASKING RATE (2020 OCCUPANCY)

Multi-Tenant: $45 - $46 PSF Full Service

Single Tenant: $28 - $29 PSF NNN

REALISTIC LEASE RATES

Multi-Tenant: $43 - $44 PSF Full Service

ANNUAL INCREASES

2.5% - 3.0%

RENTAL ABATEMENT

Three (3) months for every five (5) years of term

AVERAGE TENANT IMPROVEMENTS

$6 - $7 PSF per lease year

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