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Total Soft Cost
Total Soft Cost
Updated over 2 years ago

Total Soft Cost aggregates the sum of soft costs associated with all the buildings (vertical constructions). Soft Cost can include items like:

  • Real Estate Taxes During Pre-development/Construction

  • Builder's Risk

  • Site Safety & Security

  • Legal and Professional Fees

  • Marketing

  • Leasing Commissions

  • Architect (includes interior design, lighting design)

  • Engineers

  • Consultants

  • Utilities During Construction

  • Inspections and Testing

  • Expediting

  • Department of Building Fees (Incl. Other Permitting / Agency Fees)

  • Leasing Office and Sales Center Set-Up

  • FF&E

  • Development Fee (% Trade Costs Including TA Improvements)

  • Contingency (% Soft Costs Excluding Dev. Fee)

  • Carry Costs / Startup Allowance (Resi Condo, Resi Rental, & Retail)

  • Tenant Improvement Allowance

  • etc. (other items user would want to include into the assumption)

How this is calculated

Total soft cost is calculated by applying the user's assumption as a percentage to the total hard cost for the aggregated sum of the associated gross floor areas.

Applied to multiple places in the financial model for example:

All buildings - All Parcels

Per commercial use type - Parcel 1

Per residential use type - All Parcels

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