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Glossary of Terms

A B C D E F G H I J L M N O P Q R S T U V W
 
 
 
Hard Cost: The cost of actually constructing the improvements (i.e. construction costs). See also “Soft Cost”.
 
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.
 
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.
 
Hold Over Tenant: A tenant retaining possession of the leased premises after the expiration of a lease.
 
HVAC: The acronym for “Heating, Ventilating and Air-Conditioning”.
 

 



 
 
 
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