Market rent analyses evaluate the subject property, competing properties, and market conditions to document an equitable level of rent in an arm’s length transaction. Estimates of market rent are developed regularly for market studies, appraisals, lease disputes, and to provide an owner or prospective investor with objective opinions.

Steps in rent or lease analysis include:

Review of subject property

Visit subject property and interview on-site staff

Select rental comparables

Visit rent comparables and interview on-site staff

Review market data regarding rental and occupancy trends

Summarize rental rate features and amenities of subject property

Make adjustments for differences between sale price and comparables (based upon data and insights obtained during visits to rent comparables)

Summarize and report conclusions

When contemplating a rent analysis it is wise to consider including suggestions for financially feasible upgrades as part of the scope of work. The data gathering and analysis will take a modest amount of additional time. Suggestions for upgrades can enable the owner to substantially enhance the value of the pro