Land is leased and improved with an office and retail tower. Appraisal addresses site value under three scenarios: highest and best use as if vacant and unimproved; as improved and having additional development capacity; and as improved with no additional development capacity.

Services including analysis of lease language, as well as value consulting. Scope of value consulting included analysis of lease rates at comparable office properties, a survey of market participants, and review of subject offers. Conclusions used in market rent arbitration, to determine lease renewal rate.

Consultation with owner regarding pre-arbitration settlement range, and evaluation of tenant position. Appraisal of market rent of office, warehouse and light assembly space, taking into account lease renewal language.