Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • verb transitive To arrange a lease for in advance.
  • noun A lease arranged in advance.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

pre- +‎ lease

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Examples

  • Another way of reducing the risk in such developments is to prelease space to a prospective tenant before the building is completed.

    U.K. Builders Woo Cash-Rich Partners William Boston 2010

  • Unlike past peaks, when they funded construction projects with few or no tenants, banks now generally require developers to have prelease agreements for as much as 50% of a building before getting started.

    Less Building Now, Higher Office Rents Later Eliot Brown 2012

  • Despite the risk of taking on a development in the midst of the worst recession in decades, AREA felt comfortable with the prelease agreements with retailers.

    Europe Property Deals Start Strong William Boston 2010

  • Segro also is one of the few investors that is willing to build on speculation near the airport without first signing up tenants in prelease agreements.

    Developers Circling Berlin Airport 2010

  • Hether Smith, senior vice president and branch manager for Studley Inc. in Philadelphia who represents tenants, said the landlord would have to prelease at least 600,000 square feet to a credit-worthy tenant.

    A Sluggish Philadelphia Story 2010

  • Hines will need to prelease at least half the project's 425,000 square feet of office space before it seeks financing for the office component, the spokeswoman says.

    Bigger in Texas? Capital's Real-Estate Glut Counts 2008

  • SJP Properties, a Parsippany, N.J., developer, says it would like to prelease some of its planned 14-story Waterfront Corporate Center III office building before starting construction, according to David Welch, chief financial officer of SJP Properties.

    Office-Market Downturn Weighs on Region 2008

  • "Miami's not much of a prelease market," says Ms. Cockrum, chief executive of Foram Group Inc., a real-estate company based in Miami.

    Miami Office Market Is Solid Despite Housing Slump 2007

  • I'm using one of the latest prelease versions of MKVToolnix 3.0.0.

    Doom9's Forum Midzuki 2010

  • I'm using one of the latest prelease versions of MKVToolnix 3.0.0.

    Doom9's Forum [ReX] 2010

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