Our Feasibility Study can (1) test whether a proposed development is financially feasible; (2) determine which one of several mutually exclusive developments is the optimal project; (3) identify the type and size of the development that will maximise the return on investment.
Many developers have a project in mind for their property, often based on successful developments on other sites, or simply dictated by the type of use and maximum density permitted under the zoning by-law. Our Feasibility Study acts as a sounding board by providing that valuable second opinion as to whether the proposed development meets the acid test of financial feasibility.
Frequently the zoning by-law will permit more than one type of development, or a mixed use project. We have the Valuation, Geographic Information System (GIS) and Counselling expertise, software and data, to provide independent advice on the type and mix of development that will maximise the fiscal return from the property.
We can also provide advice of a more “granular” nature. For example, we can assist the developer of a condominium apartment project by providing the following information at the pre-design stage: number, mix and size of apartment units; number of bathrooms per unit; apartment and building amenities in demand; number of parking spots required; market value of each apartment unit and market absorption rate.
We provide Feasibility Studies on all types of real estate:
Our Feasibility Studies are a blend of Valuation (financial feasibility), Supply and Demand Analysis (GIS), and Operational Research (e.g. linear programming) expertise. The questions we are frequently required to address during the course of our assignments include:
Condominiums (new and conversions)
Apartment Projects (proposed and existing)
Office, Industrial & Retail Markets
Click here for a review of Counselling case studies.