lease up

lease up

1. To grant the use or occupation of an entire building or premises under the terms of a lease. In this usage, a noun or pronoun can be used between "lease" and "up." An investment group bought the entire property, kicked out the previous tenants, and leased it up at much higher rates to foreign businesses. They managed to lease up the house after it had been on the market for less than a month.
2. To be granted use or occupation under the terms of a lease. How long do you think it will take for the house to lease up in the current market conditions?
See also: lease, up

lease up

v.
1. To fully lease some building: The housing agency leased up the new apartment building in record time. After the new building had been on the market for only one week, the real estate agent had leased it up. The retail spaces were leased up before construction even started.
2. To become fully leased: The new office building leased up in less than a week.
See also: lease, up
References in periodicals archive ?
In that one year time frame we have significantly reduced concessions during lease up and increased rent at M2 five times.
During lease up, revenue management is utilized to effectively balance supply and demand to achieve the asset strategy, whether the client is targeting an accelerated lease up to generate positive cash flow, or focusing on achieving the highest rents possible upon stabilization--or even a blend of those strategies.
It is possible to lease up a property too quickly because then the majority of leases all finish at about the same time.
Revenue management is configurable to execute a variety of lease-up strategies, such as quick lease up with lower initial rents or more extended lease up driving maximized rents," says James Flick, Director of Revenue Management for Camden Property Trust, and one of the first to embrace revenue management within a lease-up environment.
The communities are a combination of new clients and expansion of their current clients' portfolios, including Class A and B lease ups and value add communities located in Texas, Alabama, South Carolina, North Carolina, Georgia and Florida.
Prior to her promotion, Kosik successfully led various lease ups and managed multiple properties through her position as a District Leasing Manager.
He has completed lease ups on over 28,000 units of new and renovated properties over the past 17 years.
In addition, we believe we are well positioned to create value by proactively asset managing the portfolio, repositioning underutilized space and maximizing revenue through lease ups and managing expenses," Brookfield Asset Management Inc.
a: Steve Lamberti, Milestone Management, Dallas: We have found positive results when using call centers on new lease ups.
Giscombe Henderson has been fortunate being able to do the lease ups for many of the developers, at a high of $25 per square foot.
She has extensive knowledge in all facets of property management operations such as new construction lease ups, due diligence on possible acquisitions, repositioning assets, conventional and market rate communities, tax credit and subsidized investments throughout the Southwest, Midwest and northwestern United States.
Owen's background in the multifamily industry covers all facets of property management operations such as lease ups, rehabs, marketing and budgeting for market-rate communities, tax credit and subsidized investments.