Apartment Feasibility

 

 


Representative Past Assignments

As many assignments performed by Karnes fall under guidelines for client-confidentiality, this list provides a sampling of the publicly- known assignments produced in recent years. 

First Ward Residential Condominium and Apartment Analysis – Charlotte, NC

Karnes Research Company analyzed the feasibility of a residential site within the uptown Charlotte market. Two uses were examined, rental and for-sale attached. In order to determine demand for the proposed project, this study analyzes employment growth, current supply, and future developments. Karnes Research established and analyzed existing and proposed residential developments Uptown and estimated demand for the site based on current inventories and future deliveries.

Affordable Housing Needs Update - Wake County, NC 
A comprehensive review of market conditions affecting the supply and demand of affordable housing was conducted for the Wake County Affordable Housing Task Force in 1999 and Karnes Research Company is currently updating that project. The availability and price of for-sale and rental housing was analyzed, along with economic and demographic trends impacting the demand for affordable housing.  The supply and demand factors were then reconciled into a measure called the Housing Affordability Gap.  This statistic documented the shortage of affordable housing in Wake County.  

West Village Apartment Market Analysis - Durham, NC
For a lender guaranteeing a portion of a construction loan, we conducted absorption and rent forecasts for the redevelopment of a warehouse in downtown Durham into apartments.  The project is located in a submarket that has attracted minimal market rate apartment development over the past ten years.  An analytical framework was created to assess the competitiveness of the project against suburban apartments that were being developed in a neighboring submarket.  The site's urban location, design and target market were important factors in the study.  Marketing and unit design recommendations were included.