When is the best time to sell a piece of undeveloped property?

[Curtis Curley]

I own a piece of undeveloped property and would like some criteria to know when it's time to sell or if it should be leased.  This property is located in an underdeveloped community that is in the process of being updated.  My concern is that the coming recession will likely slow this process down or even wipe out the equity.  The property doesn't have a home on it and there are trees and underbrush.