We review information on demographics and income levels in the asset trade area. We obtain existing leasing data, sales information and review recent asset improvements to gauge current conditions. We assess the direct property adjacencies and study a broader market area to accurately determine existing market condition and asset positioning.
We research the broader market area to evaluate existing properties which compete with the asset under evaluation. We search records for potential future projects that may change the market landscape in the long term so we can balance future positioning objectives accordingly. |
First we seek to understand our client’s goals and aspirations for the property. Those goals, in concert with an understanding of current asset positioning, form the backbone of our future planning concepts. This disciplined and thoughtful approach leads us to develop planning solutions that are market viable.
The goal of any repositioning effort is to accomplish the highest and best use of the asset. We take advantage of every opportunity to add client value through appropriate densification and adaptive reuse. Further, we have an eye toward the phasing of improvements so they may be timed to meet market demand and give implementation flexibility.
|
|||