Market Feasibility Reports
Better Management Systems offers a variety market analysis reports to meet your needs. The most popular report is the "mini" report, suitable for submission for requests for bank financing. These reports are great during property purchase due diligence, use to evaluate if storage is the best use.
- Feasibility Study
This report is 4 sections. I will help you to determine the "competitive trading territory", i.e. 1,2 or 3 miles, 1, 3, or 5 miles or whatever is appropriate for your project. A demographics review and comparison covering current past and future projections; complete competitive location analysis with actual site visits, summary per location, pictures, rent roll up summary and my exclusive absorption table(s). In the financial section I use the data to create a projected proforma including unit mix summary with projected annual rate per ft by category to generation a "gross Potential Income" which then carries through along with payroll projections and expenses, into a 36 month fill up projection. Finally this is summarized in a 7 year operating NOI projection. I conclude with a summary of the report and my recommendations.
- "SNAP SHOT" Report
A snap shot reports provides the basic demographic data, the competitive analysis with the absorption tables and a brief summary. Neither overview nor financial section is included, and no field on-site visit are performed.