Analyze the Real Estate Market, Development Strategy, and Location
At the start of any new real estate project, you need to make sense of a variety of factors, such as market demand, municipal objectives, and location characteristics, and then determine how these factors align with your own strategic objectives.
To bring order to this work, it is crucial to have a framework to organize what can be a chaotic, overwhelming process.
We will examine the real estate development framework, which will serve as a guide as you move through the process of determining the initial feasibility of a potential real estate project. We will explore the phases of the real estate cycle to determine where a specific location is within that cycle. After reviewing the results of a location analysis, you will determine how that location aligns with developer objectives.
This is a critical milestone in the early stages of a real estate project and with thorough and accurate analysis, will set you on a path to success.” – Cornell Univ. Real Estate Dev
