In our nearly 30 years of real estate research experience, we have developed methodologies to scientifically identify comparable market rents for a subject property at any amenity level based on the market conditions, not on guesswork. We rate each property based on its unit and project amenities and curbside appeal, and then use regression analysis to identify true comparable market rent for the property. Our rating system also allows us to identify most accurately the properties most comparable to the subject site. This study includes a complete market survey, identification of comparable market rent, and an evaluation of the property's potential to function as a market-rate property. We can also provide a shopping report as part of the evaluation process for an additional fee.
Any qualified inspector can identify necessary maintenance and potential improvements.
What we do is identify the market impact of these potential improvements, and also suggest additional improvements or added amenities that will enhance the property's ability to compete within the marketplace. An analysis of potential turnover vulnerability for the project. Just as support typically comes from other apartment communities, tenant loss is generally the result of tenants leaving for other projects priced within 'step-up' range that they consider a better value. An analysis of rent gaps, or the pricing differences between unit types. Proper rent gaps are used to even absorption and maximize return from units offering premiums.