Build your own model for real estate performance by researching at least 50 properties in an area of your choice: The performance of the real estate industry can be measured by the amount of unused or surplus capacity in real estate, the dependent variable 37. Two qualitative independent variables should be used to model real estate performance, which are real estate type and market concentration. Real estate type includes 1) commercial real estate, and 2) residential real estate. Market concentration includes the levels of 1) high, 2) medium, and 3) low