Feasibility Study involves testing geographic locations for a real estate development project, and also involves parcels of real estate land. Clients often conduct market studies to determine the best location within a jurisdiction, and to test alternative land uses for given parcels. Jurisdictions often require developers to complete feasibility studies before they will approve a permit application for retail, commercial, industrial, manufacturing, housing, office or mixed-use project. Market Feasibility takes into account the importance of the business in the selected area.
Site Selection & Planning
Perhaps the most important aspect of a project is selecting an appropriate site for the type of development that is proposed. Just because a site can be bought or leased does not mean it is necessarily suitable for development. Considering carefully how well the features of the site match the needs of the proposed development can save time and expense down the line. Careful site selection can help a developer to identify what expenses are likely to be associated with the development.
Building programming and space analysis
We will create a detailed picture of how your organization functions and will help develop a strategy that will identify:
- Space Standards – an agreed mount of space for each job function.
- The exact amount of space you need including future growth or consolidation
- The image your company needs to convey
- A budget for the project
- Technical requirements for information technology (IT) and mechanical & electrical (M&E) systems.
Our aim is to make economic use of your space and drive down occupancy costs. Having helped you select the right layout, our team will develop detailed space plans to define exactly where everyone will be located and ensure that your business will operate with maximum efficiency.
Budgeting & Estimating
Generally speaking every proposed project has a proposed budget. We live in a cost oriented society where capital expenditure must have a justification in the form of a return. The cost expended on a manufacturing plant must be returned through the sale of the products produced. The cost of an office building or apartment must be returned through rents and leases. To keep the cost of manufactured products competitive, the capital investment must be a known quantity. An assured return on investment is dependent upon accurately predicting the costs involved. Construction cost is a significant expense, third in line to financing and operating expenses during the life of a facility.