Market rent analysis

Aug 26
09:27

2008

Patrick OConnor

Patrick OConnor

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Market Rent Analysis Market rent analyses evaluate the subject property, competing properties, and market conditions to document an equitable level o...

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Market Rent Analysis

Market rent analyses evaluate the subject property,Market rent analysis Articles 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.

O’Connor & Associates is the largest independent appraisal firm in the southwestern US and has over 40 full-time staff members engaged full-time in valuation and market study assignments. Their expertise includes market rent analysis, feasibility studies, valuing real estate, business personal property, business enterprise valuation, purchase price allocation for businesses, valuation for property tax assignments, partial interest valuation, estate tax valuation, expert witness testimony and valuation for condemnation. They have performed over 10,000 of market rent analyses.

To obtain a quote or further information on market rent analysis services, contact George Thomas or at 713-686-9955 or fill out our online form.

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 Houston retail space leasing, Houston office space leasing, Houston industrial space leasing, Houston apartments, Dallas apartments, Ft. Worth apartments, Austin apartments, and San Antonio apartments.This capacity to research, analyze and interpret market trends and the impact of specific transactions is a major reason for why developers and acquisition experts rely on . O’Connor & Associates for income tax, business valuation, tax deduction, cost segregation, tax reduction, market study, partial interest valuation, market research, property tax, insurance valuation, Dallas Central Appraisal District, Tips and Tricks for Appealing Your Property Taxes in Tarrant, Tarrant county appraisal and Federal tax reduction. O’Connor & Associates is an acknowledged source of trends in real estate investing and market activity.