lease-up

lease-up

The time period for a newly available property to attract tenants and reach stabilized occupancy.

References in periodicals archive ?
"The vast majority of projects under construction and in lease-up are doing really well.
Reports of low lease-up activity are consistent with a 1986 report on a 1983 California precursor to the 1988 fair housing law.
For a large developer such as Camden, the advantages of renting apartments to a short-term provider during lease-up are obvious.
That's when he saw an opportunity in an underutilized asset--large apartment buildings in the lease-up stage.
Anumber of companies, including Locale, The Guild and WhyHotel, want to take the pain out of the lease-up process.
Hedge previously worked for AvalonBay Communities as the Manager of Digital Marketing, where he contributed to the lease-up of over 50 properties throughout the United States.
"1100 Jefferson was an unmitigated success as we were able to demonstrate to renters the quality, luxury, lifestyle and value offered at the property which led to a rapid lease-up," said Jacqueline Urge, president of The Marketing Directors, Inc.
"We are a merchant builder, so we are in full lease-up mode at all times, which requires laser-focused marketing," says Steve F.
The movement is especially apparent with community managers who specialize in lease-ups. Successfully managing a lease-up is a prized skill and developers try to keep those superstars at any cost.
Everyone knows everyone in the industry and everyone knows someone who is doing a lease-up. To maintain a high-quality workforce, we have had to increase pay for some by well over [3 percent to 5 percent]."
Having the right property manager and team in place can make or break your lease-up. Find and keep community managers who understand the complicated nature of a lease-up and can empower a team to handle the challenge.
Landmark began utilizing paid geo-filters on Snapchat in the prior lease-up season, Dinwiddie says.