Analyzing the long-term prospects for a certain class of real estate
Assignment: To research and write a market report analyzing the long-term
prospects for a certain class of real estate within a metropolitan area. The
report should analyze how economic, demographic and land use trends are
affecting the growth and pricing of the chosen class of real estate and
evaluate what opportunities for successful real estate development or
investment exist in that marketplace.
The student should choose a class of real estate (residential rental, residential
ownership, office buildings, retail, etc.) which interests him/her. That class of real
estate should be researched and evaluated at the city, county, or metropolitan
area level. The student may choose any geographic market area of suitable size
(with the exception of New York City). Note that this is a market study, and is not
intended to identify or evaluate a specific site for a specific project.
The market report can be imagined to be part of a broader feasibility study that
might cover other aspects of a business plan, including financing options, joint
venture partners, tax and legal considerations, site selection and site planning,
etc. However, those related issues are not part of this assignment and should be
referenced only if relevant to the primary objective of the report.
The report should provide qualitative analysis and quantitative forecasts for the
chosen class of real estate over a 5- to 10-year time horizon. The analysis and
forecasts should be developed by the student, not excerpted from a research
report prepared by a commercial vendor. The analysis and forecasts should be
based on the student’s investigation of economic, demographic and market
trends prevailing in the chosen geographic area. Relevant data for analysis in
the report includes, but is not limited to: job growth by submarket, industry and
occupation; business sales and formations; area and household income trends;
population growth and distribution; housing or commercial real estate inventory
and construction; vacancy rates; and property sales and rental prices.
Answer preview Analyzing the long-term prospects for a certain class of real estate
APA
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