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Updated 5 months ago, 06/20/2024
CRE development costs.
We just acquired a fairly new shopping center in Florida. The center has an extra 20 acres of greenfield zoned for additional retail.
We know there is pent up leasing demand, but not sure what is current development costs as we haven’t built a thing since before Covid.
Anyone can shed a light as to what is the current per square foot average these days?