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ARGUS Enterprise 9.5 & Valuation DCF 16
Multifamily Market Leasing Profiles
You can create leasing profiles for multifamily units including assumptions for renewal probability, new
and renewal market rents, months vacant between terms, prep costs (improvements), leasing costs
(leasing commissions), free rent and term length. You can also import/export multifamily unit market
leasing assumptions data between ARGUS Enterprise and ARGUS Valuation DCF.
Name
Name
Enter the item name you want to use to identify the market leasing profile record. The name you enter
will appear in the drop-down list of the Market Leasing field in the multifamily record.
General
Term (Yrs/Mos)
Enter the number of years and months for future leases when a unit rolls over. The default value is zero
years/months.
Renewal %
Enter the probability percentage that existing tenants will remain in place and renew their lease. This
percentage is used to weight the entries in the New Market and Renewal Market fields for the following
items: market rent, leasing commission, improvements, free rent. All new and renewal market
assumptions will be blended using this percentage. The default is 50%. Click the
button to enter a
renewal probability that varies on a monthly basis.
Months Vacant
Enter the number of months a space will remain vacant between leases if the current tenant moves out.
Months vacant can only be entered as a whole number of months. The default is zero months.
Market Rent
Market Rent Unit
Select the unit of measure for the New Market and Renewal Market Rent fields. You may choose from
the following options:
 $/Unit/Month: If you select this option, the new market rent and renewal market rent will be entered
as $/Unit/Month.
 $/SF/Month: If you select this option, the new market rent and renewal market rent will be entered
as $/SF/Month.
New Market Rent
Enter the rate that a tenant new to the building would be expected to pay. This field also determines an
absorbed unit's rent if an MLA profile is referenced. Note this field will not be available if Prior is
selected in the Use Market Rent or Prior field. This rate is typically blended on a weighted average basis
with the renewal market rate below to obtain the projected rate for the next lease term for an expiring
space. This entry inflates with market inflation.
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