Profiles of existing product that include rents or sales price, product type, occupancy rates, definition of submarkets, amenities, and absorption.
This analysis is usually done with for an undeveloped tract to determine the appropriate mix of uses. The use(s) are covered through market surveys, and those with the greatest potential are identified along with cash flow by land use.
These studies cover all aspects of development feasibility as they relate to market conditions. A detailed supply and demand analysis is prepared for the product type on a citywide and market area basis. Specific recommendations regarding project positioning are typically provided along with an evaluation of the client's pro-forma assumptions.
Profiles of current and future propulations within designated target market area. Analysis of existing trends and determination of future implications for the subject property.
Determination of selection criteria and thorough examination of alternative areas and sites. A detailed profile of each area is then prepared along with recommenations for site.
Usually prepared along with a market survey or appraisal, an absorption study will determine the likely rate of future sales or leasing activity. This analysis is most often based on a forecast of regional demand, which is then disaggregated to a particual market area and/or product type.
Generally provided in conjuction with any of the services above, when the purpose of the analysis is to defend the client in litigation or a condemnation suit.
COMPARABLE PROPERTY EVALUATION
Evaluation (or recommendation) of the client's proposed rental rates, based on similar product types within the designated market area.
December 2018 Apartment Market Survey (Austin MSA)