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Office Market Studies

Following is a synopsis of components typically involved in a market feasibility study for office development.

Site Inspection

Each proposed site is personally inspected by a Danter Company field analyst. The site is inspected for the suitability for development as it relates to the market. A full area description is included identifying surrounding land uses, as well as proximity to area resident services.

Effective Market Area (EMA)

The Effective Market Area (EMA) is identified for the subject site. The EMA is the smallest geographic area expected to generate the most support for the subject site. The EMA is based on population, employment, and commercial concentrations; existing office development; and interviews with major area businesses.

100% Field Survey

A 100% field survey is conducted to identify area office development, including the following characteristics:

  1. Total space
  2. Vacancy
  3. Year opened/renovated
  4. Rent
  5. Concessions
  6. Leasing agent
  7. Amenities included in rent (i.e., maintenance, janitorial, security)
  8. Distribution of total space by vacancy rate, rent range, and year built
  9. Five- and ten-year absorption trends

Office Mobility

An evaluation of mobility characteristics of office tenants will be conducted. Office mobility is based on office construction trends, arterial development, commercial development, and housing trends.

Conclusions and Recommendations

  1. Amount of supportable space at the subject site based on the following support components:
    • Internal mobility
    • New business formations
    • External mobility
  2. Projected absorption by support component
  3. Tenant mix
  4. Projected rents
  5. Recommendations for suite sizes and configurations if appropriate. Of special importance will be an evaluation of building footprint, whether single-, one-, or two-story
  6. Step-up support for the subject site

For more information on office studies, please call us at (614) 221-9096 during business hours (8 am to 5 pm) Eastern US time.

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Danter & Asscicates, LLC, 2760 Airport Drive, Suite 135 Columbus, OH 43219
(614) 221-9096