Search
 

NAIOP To Survey Development Costs

MINNEAPOLIS-The Twin Cities chapter will do the first ever market survey of everything from fees and permit costs as well as how much time is required for applications and review.

By Jim McCartney | Updated on May 11, 2004

MINNEAPOLIS-An industrial property organization here plans to do the first market survey of the costs of doing business related to development in the Twin Cities. The Minnesota chapter of the National Association of Industrial & Office Properties is preparing a “metro-wide survey” to determine expenses such as review fees, permit costs, sewer and water fees, park and trail fees and other charges for a hypothetical 50,000-sf office/warehouse building.

The survey also will address how much time is needed for each phase of a development application, from initial design review to issuance of a final building permit.

In collecting the collecting the data, the Minneapolis-based NAIOP chapter says it hopes to help city governments and the business community to understand the impact of these costs on new business investment and economic development.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.