Office
Office buildings can range from owner-occupied, single-tenant office buildings to high-rise, multi-tenant office buildings with hundreds of tenants.We utilize a combination of ARGUS and proprietary software on multi-tenant office properties and can handle lease-by-lease analysis of the largest office buildings, such as the 16-story Waterman Building in Mobile, Alabama. Our office analyses consider all industry aspects of tenant improvements, lease renewal probabilities, market rents versus contract rents, absorption periods, rent steps, expense stops, and rent structures and concessions. We can handle REO analyses of fee simple interests in high-vacancy properties or leased fee valuations of stabilized properties.