Whether your Office Tower is The Empire State Building or a smaller, newer property, ELLIOTT® is capable of providing professional appraisal service anywhere in the United States, as well as internationally.
Office Towers typically contain multiple tenants with multiple and varying leases. In some cases Office Towers will be single tenant occupied and/or owner occupied. Appraisers typically rely upon the Income Approach to Value as a primary value indicator in appraising Office Towers. The quality of tenant(s), level of occupancy, terms of existing leases and the general office market in which a property is located are important factors in appraising an Office Tower.
Our service is available for existing and occupied Towers, as well as planned Office Towers. Planned projects are appraised subject to completion by plans and specifications. We are capable of providing As Completed Value Appraisals prior to stabilization, as well as Prospective/Stabilized Value appraisals assuming future rental stabilization.