We have pricing options to meet every need. Following are some of our standard packages. Remember that our specialty is customizing reports for the specific needs of each client. So, call us at (949) 933-9405 if you need something that isn't listed below.
Opinion Letter - from $3,950 For those in need of a quick third-party assessment of the market, design, amenities, or other aspect of an apartment development or investment, we can provide an Opinion Letter usually within 24 to 48 hours. These are particularly useful for investment committee packages regarding initial commitment to a property acquisition before you are able to engage a full market study.
Value Market Study - from $6,950 This is an Opinion Letter that includes definition of market area and identification of competitive properties. We tabulate occupancies, rents by floor plan, concession specials, other income opportunities, and provide a written report.
Signature Market Study - from $9,950 Includes all work performed in a "Value Market Study" plus personal tours of the subject property and all primary competitive properties as identified, evaluation of each comp on over 100 points of specs and amenities, and recommendation of rental rates or sale pricing of the subject property as well as amenity and spec programming.
Strategic Market Study - from $14,950 Includes all work performed in a "Signature Market Study" plus demand analysis leading to recommendations for the optimum unit mix for most rapid unit leasing. This segmented demand analysis is especially helpful in avoiding the overbuilding of certain unit types relative to actual demand which can result in significant delays in absorption costing much more than the Study.
Forecasting - Starting at $3,950 in addition to the Strategic Market Study Estimation of future pricing and absorption based on proprietary econometric analysis of relevant economic data points for the subject submarket as well as the macro economy.
Focus Groups for New Development Projects - Starting at $4,950 Validates the analytical data by assembling and interviewing likely renters for the subject project. Provides valuable insights into the psychology of the renters in order to optimize the finer points of the project's programming.
Architectural Reviews - $395 per floor plan, $595 per club house or site plan Review of marketability of floor plans as well as evaluation of proposed amenities and overall flow of property from a market standpoint. Results in returns several times the cost.
Property Evaluations and Opportunity Assessments - from $4,950 Particularly useful for lenders and receivers with distressed apartment properties. Overall assessment of property presentation, marketing materials, on-site staff, position of the property within the market, and written recommendations for turnaround of the property for maximum financial returns.
Note that other analytical and data options requested by the client may result in additional charges. All work is performed only after a detailed scope of work and fee is approved by the client.
The pricing examples listed herein are for illustrative purposes only, and for specific scopes of work. Strategic Property Economics reserves the right to change any and all prices at any time without notice.