Market Rent Analysis
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or="#ff0000">Market Rent Analysis
Market rent analyses evaluate the subject property, competing properties, and market conditions to document an equitable level of rent in an arm’s length transaction. Estimates of market rent are developed regularly for market studies, appraisals, lease disputes, and to provide an owner or prospective investor with objective opinions.
Steps in market rent analysis include:
Review of subject property;
Visit subject property and interview on-site staff;
Select rental comparables;
Gather data on rental comparables;
Visit rent comparables and interview on-site staff;
Review market data regarding rental and occupancy rate trends;
Summarize rental rate features and amenities of subject property and amenities;
Make adjustments for differences between sale price and comparables (based upon data and insights obtained during visits to rent comparables);
Summarize and report conclusions (report can be oral to detailed narrative report).
When contemplating a market rent analysis it is prudent to consider including suggestions for financially feasible upgrades as part of the scope of work. The data gathering and analysis will take a modest about of additional time. Suggestions for upgrades can enable the owner to substantially enhance the value of the property.
To obtain a quote or further information on market rent analysis services, contact us at 713-686-9955.
The Market Research and Consulting division of O’Connor & Associates provides information necessary to make decision to commercial real estate professionals. Occupancy and Rental Data, ownership and management information are routinely gathered for four major land uses – multifamily, office, retail and industrial. This information allows investors to compare competitive properties, facilitate business decisions and track market and submarket performance. In addition the data is useful to brokers who for example continually monitor
market research, market studies, feasibility studies, rent studies, tax credit studies, project design guidance, property performance evaluation and lease audits. O’Connor & Associates is an acknowledged source of trends in real estate investing and market activity.
Market Rent Analysis / Author: PatrickO’Connor