What is Pre-Leasing?

Pre-Leasing allows tenants to sign lease contracts before a building is completed or an existing occupant vacates. Developers or owners secure occupants in advance, reducing risks of prolonged vacancy once the property is available.

• Early Commitments: Guarantees revenue streams upon completion or vacancy.
• Possible Incentives: Rent discounts or preferred unit selection for pre-lease signers.
• Market Indicator: Strong pre-leasing rates signal robust demand.
• Risk to Tenants: Delays or design changes can disrupt move-in plans.

Pre-leasing benefits developers (securing upfront occupancy) and tenants (locking down prime units or deals) before competition intensifies.