Hard Cost
The cost of actually constructing the improvements (i.e.
construction costs).
See also "Soft Cost".
Highest and Best Use
The use of land or buildings which will bring the greatest economic
return over a given time which is physically possible, appropriately
supported, financially feasible.
High Rise
In the Central Business District, this could mean a building higher
than 25 stories above ground level but in suburban sub-markets, it
generally refers to buildings higher than seven to eight stories.
Hold over Tenant
A tenant retaining possession of the leased premises after the expiration
of a lease.
HVAC
The acronym for "Heating, Ventilating and Air Conditioning".
