Apartment Market Studies

An important service offered by The Siracusa Company is apartment market studies. The Siracusa Company has extensive experience in working with clients to assist them in maximizing the return on their apartment investments. Whether one is in the initial stages of land acquisition or product planning, or looking to acquire an existing complex, The Siracusa Company can provide the research needed to assess its market feasibility and to optimize its competitive posture in the marketplace.

Our apartment market studies include the following tasks:

• Evaluation of the subject site from the standpoint of location, general environment, access, visibility, transportation, neighborhood trends, and other factors.
• A comprehensive field survey of existing apartment complexes in order to profile rental rates, vacancies, tenant composition, amenities, and absorption rates for new projects.
• Segmentation of the competitive supply into its key components, such as unit mix, rental rate distribution, and types of amenities to reveal un-served niches in the marketplace.
• Design review of proposed floor plans (as applicable).
• An investigation of projects in the entitlement process that might represent future competition.

From this research our recommendations include:

• Unit bedroom/bath mix and sizes
• Unit features and amenities
• Rental rates
• Unit design elements
• Recreational amenities
• Parking
• Projected absorption rate