What does "At Lease" mean?
I'm looking at a new construction that is leasing commercial spaces but many of the spaces say "At Lease". Anyone know what that means?
[{"id": "ekefmlk", "text": "That's odd, probably means ready for leasing. Just call them", "replies": [{"id": "ekeg3fm", "text": "It means they have an agreed upon LOI and are currently negotiating the lease.", "replies": [{"id": "ekigm0v", "text": "Agreed- unlikely to mean \"Totally available for lease!\" More than likely it's close to being a done deal- that doesn't mean you can't make an offer. Just means that it's uphill to displace the other prospect.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ekeqvef", "text": "It's an update on the availability on the space meaning that they have moved to lease with a prospective tenant. Usually meaning the deal is almost done, letting you know the space is probably not available and showing that there is progress being made in leasing up the center. You can always call in to check if they are still at lease (or if the deal fell through); if the deal is at lease, ask when a good time to call back and check if the deal was finalized, you still may be able to pick up the space.", "replies": [], "depth": 1}, {"id": "ekf7req", "text": "You should hire a tenant rep broker to help you find space they will be able to find out this kind of thing very easily. \n\nThe broker usually won't cost you anything as they split the commission with the landlords broker.", "replies": [], "depth": 1}]