Hard Cost - The cost of actually constructing the improvements (i.e. construction costs). See also “Soft Cost”.

High Rise - In the Central Business District, this could mean a building higher than 25 stories above ground level but in suburban sub-markets, it generally refers to buildings higher than 7 or 8 stories.

Highest and Best Use - The use of land or buildings which will bring the greatest economic return over a given time which is physically possible, appropriately supported, financially feasible.

Hold Over Tenant - A tenant retaining possession of the leased premises after the expiration of a lease.

HVAC - The acronym for “Heating, Ventilating and Air-Conditioning”.