Estimating Real Estate Development Time Lapse

by Clayford T. Grimm, (M.ASCE), Assoc. Dir.; Center for Building Research, The Univ. of Texas at Austin, Austin, Tex.,

Serial Information: Journal of the Construction Division, 1977, Vol. 103, Issue 2, Pg. 213-226

Document Type: Journal Paper


Building development from project conception to closing of the long-term mortgage includes development administration, building and site design, construction, and market absorption activities. Accurate estimates of the time lapse for these activities is essential to the financial success of any project, and these estimates must be made prior to building design. Equations are provided for estimating development time lapse for 46 building types based on 30 input variables. An office building example problem is included.

Subject Headings: Building design | Commercial buildings | Real estate | Construction sites | Absorption | Financial management

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