11 10 pts Market Analysis You are building a mixed-use development in a major city, located in a defined submarket. It will take two years to construct and begin leasing. The development will have a mix of 250 apartments and 100,000 sf of commercial space. Your market study includes the following table: Submarket Existing Stock Submarket Annual Absorption (10-yr avg) Submarket Pipeline (next 24 mos) Long-Run Submarket Vacancy Rate Current Submarket Vacancy Rate Office Apartments 160,000 8,000 45,000 2,500 60,000 5,500 10% 5% 7% 10% Assess the strength of the market for your project (both types). Show calculations below: CONCLUSION: 11 10 pts Market Analysis You are building a mixed-use development in a major city, located in a defined submarket. It will take two years to construct and begin leasing. The development will have a mix of 250 apartments and 100,000 sf of commercial space. Your market study includes the following table: Submarket Existing Stock Submarket Annual Absorption (10-yr avg) Submarket Pipeline (next 24 mos) Long-Run Submarket Vacancy Rate Current Submarket Vacancy Rate Office Apartments 160,000 8,000 45,000 2,500 60,000 5,500 10% 5% 7% 10% Assess the strength of the market for your project (both types). Show calculations below: CONCLUSION