Preleasing

London has quite a bit of speculative office space coming to market, and second-quarter results should shed more light on how much preleasing REITs have managed, analysts added. ❋ Laura Stevens (2011)

In several other markets, national developers funded large buildings without preleasing, a practice that has led to skyrocketing vacancies. ❋ Unknown (2009)

So far, One World Trade Center has done little preleasing. ❋ Unknown (2009)

The credit crunch has pushed some developers to be more open to preleasing space to help reduce risk and obtain loans. ❋ Unknown (2008)

About 4.9 million square feet of new office space, much of it built without preleasing, is expected to be finished this year, PPR says. ❋ Unknown (2008)

Developers also need some preleasing commitments and for the city to remove a height limit on the property, he says. ❋ Unknown (2008)

Over in the financial district, Dallas-based Lincoln Property Co. is building the 12-story 220,000-square-foot Two Financial Center without any preleasing. ❋ Unknown (2008)

These steps had included preleasing a Pan Am jet and chartering a cruise ship in the Caribbean which, respectively, had been denied landing and berthing rights and, on several occasions, unsuccessful efforts to get assurances of the safety of U.S. citizens from responsible governmental representatives in Grenada. ❋ George P. Shultz (1993)

But did you comment on any outlet sites that might compete with the Chicago outlet development that you just announced because obviously in other markets we see other developers raising to get preleasing and place to win those markets, I'm curious if there is anything on the radar in Chicago as well?

Same-community preleasing for the 2011/2012 lease term is 113 basis points ahead of the prior year in occupancy with 85.0% of beds preleased for the fall.

"The solid year to date operating results, outstanding preleasing for Fall 2011 and robust development pipeline are encouraging," said Randy Churchey, Education Realty Trust's president and chief executive officer.

She said a lot of new buildings were ready to be built along U.S. 36, but most of the developers need 50 percent preleasing before they can get a loan from the banks. ❋ David Clucas (2010)

"We won't move ahead on construction until we hit that preleasing goal, but we're confident that we will hit that goal," he said. ❋ Unknown (2010)