Real Estate Market Analysis: Trends, Methods, and Information Sources, Third Edition

The industry-standard introductory guide on analyzing real estate markets, the third edition of Real Estate Market Analysis provides a comprehensive update of previous editions. It offers practical “how-to” methods for evaluating several property types. In addition to highlighting demographic trends and explaining recognized research and analysis methods, the third edition provides updated and expanded guides to information sources, both national and local. It captures a transformative decade’s worth of market changes, allowing students, practicing real estate professionals, and government officials to understand how to inspect proposed development sites, evaluate competitive properties, conduct interviews, and find relevant data.Topics covered include the purpose, content, and users of market studies; how to define market areas; analyzing demand and supply; finding, interpreting, and presenting economic and demographic data; and understanding the ever-changing characteristics of several property types, including residential (both for-sale and rental), retail, office, industrial/warehouse, hotels, and mixed-use development.Highlights of the third edition include:• Ways to track trends and find current information on employment, labor force, and population/households that form the basis of demand analysis.• Perspectives on property supply/demand conditions available from trade and professional associations, real estate companies, government agencies, and private vendors.• New examples (tables, charts, and maps) illustrating ways to organize and present information.• Discussion of trends affecting housing demand (owning versus renting; changes in home prices and rents; the physical characteristics of new housing); construction activity; and specialty products (senior housing, student housing; affordable housing).• Comments on the growing importance of co-working office space.• Identification of new hotel brands and features that cater to millennials.• Highlighting how changing shopping preferences affect retail space demand.• An expanded focus on warehouse/distribution property types (including “last-mile” delivery facilities), in response to the growth of e-commerce.• A revised and expanded webliography listing up-to-date sources of information available on the internet for each property segment – both free of charge and on a subscription basis.