What Goes Into Pre-development for a Commercial Real Estate Project?

What Goes Into Pre-development for a Commercial Real Estate Project? //

Before a developer can break ground on a project, there is a ton of real estate due diligence, design, and permitting work that is required.

Everything from determining if the project is even feasible, to drawing the site and building - pre-development for a commercial real estate project encompasses everything before you break ground on a development.

Pre-development is clearly a big deal, and there is a lot to consider.

The pre-development phase is the project owner's opportunity to craft their vision for the overall development project. But it's also critical to manage any potential land entitlement risks that arise as a result of the project design and municipal requirements.

So it's important for real estate developers, investors, and small business owners to have a firm grasp on what to consider during pre-development, why it's important, and how it will impact the cost and feasibility of their project.

We cover all that and more in this video and relate pre-development back to how it fits into the overall commercial real estate development process.

⌛ Timestamps ⌛
0:00 Introduction
1:22 What is pre-development?
2:41 What to consider during pre-development
5:10 Why is the pre-development phase so important?
7:18 Key takeaways

Our mission at Marsh & Partners is to help educate and guide business owners, investors, and developers through the complex world of real estate decision-making.

We're bullish on the freedom real estate provides, as both a passive investment and long-term wealth creation vehicle.

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