Posted Nov 4, 2006, 6:16 PM
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Downtology
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Join Date: Dec 2005
Location: Sacramento
Posts: 2,161
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Quote:
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Originally Posted by joninsac
spec = speculation
Means that it's being built without being preleased first. The developer is "speculating" that the office market will be strong enough to lease the office space after it's built.
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That's sorta risky...
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