Arbitrary. Defined as “based on random choice or personal whim, rather than any reason or system. Or, unrestrained and autocratic in the use of authority.” Also synonymous with capricious, whimsical, random, chance, or unpredictable.
We encounter many owners of commercial real estate these days who have arbitrary expectations. So, I thought it would be fun — in Jeff Foxworthian fashion — to describe some of these characteristics as “you may be an arbitrary commercial real estate owner if…”
So, here it goes! You may be an arbitrary commercial real estate owner if you …
Price your building at twice what recent comps would suggest it’s worth.