Tuesday, January 28, 2014

Update - What is a Market Absorption study? Sample of a study

I have posted a link to a study commissioned by Broward County Florida for their Broward Real Estate Market Overview, Broward County Governmental Center Downtown Campus.  This study was completed "in association with Dickey Consulting Services; Bermello, Ajamil & Partners; Real Estate Research Consultants" 

The scope of this study is stated in the document's introduction:
This market analysis addresses the geographical area of Broward County sometimes referred to or defined as the Fort Lauderdale-Pompano Beach-Deerfield Beach, FL Metropolitan Division, a subset of the Miami-Fort Lauderdale-Miami Beach Metropolitan Area. From here forward, this report will refer to this market area solely as Broward County.
The particular markets studied within this geographical area include those of multi-family housing, offices, retail, warehouses and hotels.
The data represents a timeline of five years past to five years out and includes forecasts from Economy.com and Property & Portfolio Research.
CLICK HERE to view the 21 page document. 

This may be a representative sample of what Palmetto Bay officials may expect to receive.  We can also use this document to weigh the projections released in this October 2006 document with the realities encountered in 2014, 7 years, 3 months later.

For the starting point on this series, see: Palmetto Bay Special Council meeting. What is a Market Analysis and Absorption Study? Know before you go!

No comments:

Post a Comment