REM 500 Chapter Notes - Chapter 13: Market Research, Sensitivity Analysis

• School: Ryerson University
• Department: Real Estate Management
• Course: REM 500
• Professor: Cynthia Holmes

Document Summary

Rem500 - chapter 13 - stage three: the feasibility study. The feasibility study should be considered an optimization tool. By using sensitivity analysis, the developer can examine every major decision and every signi cant feature, function, and bene t of the proposed project to determine whether it is the best plan, not simply an acceptable plan. Includes an executive summary, a market study, revenue projections, preliminary drawings, maps, cost estimates, information about the terms and sources of nancing, government considerations and an estimate of value. This is the basis of feasibility analysis. analyzes the long term global, national, regional and local trends that were identi ed during stage two as relevant to the particular development. Rst step in a market study is an examination of national economic conditions and projected trends, in lights of characteristics of the region, locality, neighbourhood and site.