And the Fed is "printing more Dollars" which is one way we get Inflation at the "current rate" of 5.5%.

Inflation alone is impacting your costs by 2-3%.

Tenants would have to supply their own inflatable.3.

We’re a bit apprehensive due to what some are calling “transitory inflation’ and we’re asking ourselves….”is now the time to build?”

Interest rates are low, inflation is high and prices in most markets are expected to increase at a higher rate than normal over the next 1-3 years.

It's a great time to lock-in that access to equity, with these inflated values.

At this time when you can borrow at rates that are literally less than the rate of inflation (they are effectively paying you to borrow money) you probably will not be getting much simpathy from lenders. 

In OC, we are projected about $275-$325 per square foot on builds, and now with inflation we are at $350 psf.

Then there is living with the construction project.Questions: are you expecting Property appreciation far in excess of inflation? 

A market that may not even keep up with the inflation rate.