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
Farlex Dictionary of Idioms.

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
The American Heritage® Dictionary of Phrasal Verbs.
See also:
  • angle
  • angling
  • orient
  • orient to
  • orient to (something)
  • not do (someone or oneself) any favors
  • spiff up
  • spiffed up
  • (Is) this taken?
  • fill in
References in periodicals archive
There, she directed a 250-unit mid-rise apartment community lease up in Atlanta, the fastest such lease-up in Atlanta for 2017.
MOVERS AND SHAKERS
"In that one year time frame we have significantly reduced concessions during lease up and increased rent at M2 five times.
Mack-Cali's Urby skyscraper leads leasing run
Right now, we've got about $150 million in seniors housing projects in lease up. We're going to have several more projects that will come out of construction and into lease up during the next 18 months.
Mid-year analysis of LTC financing: expert financiers discuss potential economic impacts on seniors housing, care
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.
Understanding real-time asset performance vs. the submarket
"It is possible to lease up a property too quickly because then the majority of leases all finish at about the same time.
How fast is fast? Leasing teams at new communities are performing at sizzling rates
"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.
Gearing up for the Apartment Revenue Management Conference: several top rental housing professionals offer insight into the capabilities and opportunities created by revenue management in advance of the 2013 Apartment Revenue Management Conference, September 23-25 at the Turnberry Isle Resort in Miami
Jonathan Rudes, a vice president of Newmark who helped lease up the Rudins' building, and has created and leased Plug 'n' Go spaces for other owners, said he is one of the most concerned, adding "I keep wondering where the city expects to put all the people they are growing in the new media companies.
Will city kill the high-tech goose?
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.
Pegasus Residential, LLC Announces Management Contracts for December 2013 and January-February 2014
Prior to her promotion, Kosik successfully led various lease ups and managed multiple properties through her position as a District Leasing Manager.
Related Companies
He has completed lease ups on over 28,000 units of new and renovated properties over the past 17 years.
Capstone Real Estate Services, Inc. Announces Promotions
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.
Brookfield fund pays $460m for JP Morgan portfolio
a: Steve Lamberti, Milestone Management, Dallas: We have found positive results when using call centers on new lease ups. We haven't implemented them throughout the entire portfolio at this time.
Q&A Call Centers
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.
Harlem prospers during tough times
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.
Alliance Residential
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.
Pacific West Management