While market feasibility studies can be conducted for all types of business enterprises, our primary involvement is with real estate developments including PUD’s, condominiums, rentals, single family homes, mobile home parks, shopping centers, office parks and warehouse/industrial parks. The purpose of a feasibility study is to determine if the proposed development plans will succeed in the market and to offer marketable alternatives. The study includes a thorough analysis of comparable/competitive developments, current and anticipated market conditions, market appeal of the proposed development and economic factors such as population growth, income and employment. The bottom line conclusions include recommendations on sale prices or rents and forecasts the absorption time of units or space.

Owners of rental apartment developments sometimes desire to convert the project to a condominium. We will conduct a study to examine the market prospects for the development and to offer recommendations regarding pricing, any improvements needed prior to conversion, demand sources and we will forecast the rate of sales which could be expected for the development. The study includes all of the other elements of a normal market feasibility study.

A market analysis is designed to examine the market conditions for a particular type of product (including housing) and to identify opportunities and to suggest strategies to capitalize on the identified opportunities. This study examines supply and demand, inventories, competition, market shares and similar information.

A land use study identifies the fullest potential use for a piece of property which is undeveloped or underutilized and it traces the historical and anticipated trends of all pertinent economic factors in the market area of the site. The study results in concise recommendations as to whether or not the land can be developed at a specific time and, if it can, what is the best use. Specific recommendations are offered. For example, if a shopping facility is suggested, the study advises as to the types of stores, retail space for each type, rents obtainable and total sales volume potential.

The State of Florida as well as regional and local regulatory bodies may require impact studies as part of the application for development approval. To satisfy the economic data requirements ofsuch governmental agencies, we prepare detailed analyses of the fiscal and economic effects of the development by phase. Subsequent expert testimony before the regional planning council or local zoning board is also given when necessary.

We are prepared on short notice to visit your residential developments and examine the entire marketing program as well as the product and offer recommendations of changes which could be made to improve your sales or leasing success.

We will identify your closest competition (or you may do so) and we will provide you with regularly updated information as to their product, pricing, marketing efforts and sales or leasing progress.

We can forecast supply and demand trends for various types of residential and commercial developments for specfic market areas.

We are prepared to offer testimony based on research and/or market experience in legal matters involving damages resulting from delayed sales or rental progress of a development, market competitiveness, rents and other real estate or economic matters. We have been involved in a number of cases involving delay of sales/rental programs due to moritoriums, subcontractor’s lack of performance, recreation lease issues, and rent control issues.

We assist our clients in obtaining desired zoning by offering economic evidence and testimony before appropriate authorities.

We will make a presentation to your Board of Directors or other groups regarding current and aniticpated future housing market conditions, commercial market trends or other matters of your choosing. Such presentations may, if you desire, relate your development or product to the market conditions.

We conduct surveys of existing owners/renters in a continuing development or potential buyers/tenants visiting your sales/leasing office for the purpose of helping you to better identify your market and the potential it holds. Such surveys are extremely useful in assisting our clients to identify marketing strategies and product designs which consumers desire.

We prepare Quarterly Housing Reports and Development Activity Reports For Miami-Dade, Broward and Palm Beach Counties. The details of these extensive market analysis reports are discussed elsewhere in this presentation.

Tell us what you want to build, your product, and the general geographic area you are interested in and we will attempt to locate potential development sites for your consideration.