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We talking about the building on Alpha?
Yeah i'd say $0.67/sq ft is on the higher end for a 2021 build. $.50 is probably low end, and $.75 on the high end.
It's imposible to know what's driving it without looking at their budget.
It could be a ridiculously high insurance premium (that's my guess), as a result of a couple claims. Or maybe elevator repairs. Or they are catching up on contingency contributions. Maybe they are doing a big project this year like interior repainting.
But if I had to bet money, it's the insurance.
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