| Glossary of Terms |
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| Hard Cost: The cost of actually constructing the improvements (i.e. construction costs). See also “Soft Cost”. |
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| Highest and Best Use: The use of land or buildings which will bring the greatest economic return over a given time which is physically possible, appropriately supported, financially feasible. |
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| High Rise: In the Central Business District, this could mean a building higher than 25 stories above ground level but in suburban sub-markets, it generally refers to buildings higher than 7 or 8 stories. |
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| Hold Over Tenant: A tenant retaining possession of the leased premises after the expiration of a lease. |
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| HVAC: The acronym for “Heating, Ventilating and Air-Conditioning”. |
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