Facade material would usually have a very small impact on a lease rate and would be a result of the basis the landlord has in the project (i.e. If a landlord decided he wanted to make the front of his shopping center resemble the Taj Mahal, using nothing but the finest marble, they would have spent a fortune doing this. Therefore, they would have to demand a high rent in order to recoup their cost. However, this would not be common.). What typically impacts the lease rate the most is the location and local market conditions.
Jul 13, 2011