H
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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GLOSSARY
