Assessing project viability

[Satish Boggavarapu]

I am new to investing and wondering if I can get guidance on evaluation of a ground up construction. What min cap rate makes it worth it? Do you calculate it assuming its 100% full? It may take 2 years for a ground up to be ready to be leased. At what stage of the ground up do you start the leasing process? How long does it typically take to get a 10-15kft building leased? How do you divide the space?  Appreciate some input.

Thanks

Satish