REFN 3770 - Real Estate MarketÂ

Credit Hours: 3

Students will learn about and explore the differing factors that cause a developer or entity to select a site and a project. Through the review of several economic indicators, paired with specific factors relating to a proposed specific land use type, students will learn how to review demand and supply and draw a conclusion as to the viability of a proposed real estate development project. Furthermore, they will be able to describe a competitive market area, as well as the comparable properties as a result of their analysis. Conditions related to each asset class will be reviewed and discusses. Students will be able to describe the differing qualitative and quantitative metrics that allow a developer to make the decision to move forward with the acquisition of land to develop or redevelop a property.

Prerequisite: REFN 2000