Related Case Studies Related Publications Methods and Tools Benefit-Cost Analysis

ECONorthwest applies benefit-cost analysis to help decision makers compare different project and policy options.

Econometric & Statistical Analysis & Modeling

ECONorthwest can construct or deconstruct any econometric and statistical model or analysis.

Real Estate Market & Feasibility Analysis

Real-estate-market-and-feasibility-analysis

ECONorthwest prepares real estate market and feasibility analyses for public and private clients.

When an organization considers building a new facility, it often starts with a vision, which is then tested with real-estate market and feasibility analysis. At ECONorthwest, our approach to market and feasibility analysis focuses on demand and supply, and is enhanced by our understanding of public and private partnering approaches that can close market gaps and enable realization of those visions.

A market analysis describes the factors that create demand for the new facility and the supply of similar facilities in the area. A market analysis answers questions, such as:

  • Who are the potential users of the facility?
  • What do they need or want?
  • What might they be willing to pay to use the facility?
  • What characteristics must the facility have?
  • Which locations are best suited for the facility?
  • What facilities will compete against a new facility?
  • What is the financial performance of existing facilities?

A feasibility analysis examines the relative costs and revenues of the proposed facility. A feasibility analysis answers questions, such as:

  • What are the capital costs of the facility, such as land acquisition or construction?
  • What are the variable operating costs, such as staff or utilities?
  • What are the fixed operating costs, such marketing or administration?
  • What are the potential revenue sources for the facility, such as ticket sales or facility rental fees?
  • How much revenue is likely to be generated through different uses?

ECONorthwest develops real-estate market and feasibility analysis for private firms, non-profit institutions, and public agencies on a wide range of projects. We have assisted:

  • The City of Salem in planning for and building the Salem Conference Center - by developing market and feasibility analysis, and assisting in negotiations with a private developer to build an integrated hotel and conference center facility.
  • The Oregon Research Institute (ORI) in evaluating alternative sites for a new headquarters facility, determining the size, quality, and program for the building, selecting a developer to finance and construct the facility, and negotiating terms on behalf of ORI for a lease with option to purchase.
  • The City of Portland in assessing the market viability of a triple A baseball stadium in a neighborhood urban renewal area.
  • A private developer in evaluating the financial feasibility of adaptively re-using a historic building in Portland, and in securing public assistance in closing the financing gap.

 

Interested in learning more about how ECONorthwest can help you with your next project? Our toolbox is full and our staff enjoy meeting new challenges.

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