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What Goes Into Pre-development for a Commercial Real Estate Project? // Before a developer can break ground on a project, there is a ton of real estate due diligence, design, and permitting work that is required. Everything from determining if the project is even feasible, to drawing the site and building - pre-development for a commercial real estate project encompasses everything before you break ground on a development. Pre-development is clearly a big deal, and there is a lot to consider. The pre-development phase is the project owner's opportunity to craft their vision for the overall development project. But it's also critical to manage any potential land entitlement risks that arise as a result of the project design and municipal requirements. So it's important for real estate developers, investors, and small business owners to have a firm grasp on what to consider during pre-development, why it's important, and how it will impact the cost and feasibility of their project. We cover all that and more in this video and relate pre-development back to how it fits into the overall commercial real estate development process. ⌛ Timestamps ⌛ 0:00 Introduction 1:22 What is pre-development? 2:41 What to consider during pre-development 5:10 Why is the pre-development phase so important? 7:18 Key takeaways Our mission at Marsh & Partners is to help educate and guide business owners, investors, and developers through the complex world of real estate decision-making. We're bullish on the freedom real estate provides, as both a passive investment and long-term wealth creation vehicle. 👉 Download our complete 65-page guide to real estate development - https://marsh-partners.com/lp-guide-t... 🚨 Learn more about real estate development or how a real estate consultant may be able to assist you on your next project: https://marsh-partners.com/blog 🚨 Connect with Matt and Marsh & Partners: https://marsh-partners.com/ / mattamarsh Questions - Have a question about the video or interested in us covering a topic specifically? Post in the comments section of this video! Subscribe to Marsh & Partners' blog here: https://marsh-partners.com/blog