Term
| Market Analysis seeks to... |
|
Definition
| measure supply and demand for a particular point in time |
|
|
Term
| Most market analysis are _____ but should be _______. |
|
Definition
"A Pile of Parts"
"Shows logic and how parts relate" |
|
|
Term
| What are functions of rent per space? |
|
Definition
- current rents
- concessions
- ratio of change in the market supply to change in demand
|
|
|
Term
| What does Sharkawy say is a major error that appraisers make? |
|
Definition
| dont account for tenant concessions, and other discouns applied to rents |
|
|
Term
|
Definition
| projects percentage of total available space |
|
|
Term
| Adjustments of the capture rate.. |
|
Definition
- distance of competing projects
- newness of project
- price or tenant concessions
|
|
|
Term
| What is the grandest shortcut of all? |
|
Definition
| Estimating the vacancy and rent escalation with no research at all |
|
|
Term
| What are the 7 identifying features of a well rounded market analysis? |
|
Definition
- Flow diagram showing analytical logic
- Justified absorption schedule
- Justified capture rate
- Integration of refined primary research
- Forecast of competing supply
- Forecast of segmented demand
- Test a range of values of key assumptions
|
|
|
