The commercial real estate industry continues to see the effects of the economic downturn of the last year, subsequently leaving commercial property values at an all-time low. In addition, well-known industry insiders report the market has reached bottom, providing the perfect time for new owners and power players to utilize this downturn to invest in distressed assets. However, investors should be sure of the true value of a property prior to acquisition, which means obtaining accurate usable and rentable footages. This is often a missed or overlooked aspect of due diligence.
As a leading authority on building measurement methods, Real Data Management has played a critical role in helping investors complete some of the biggest real estate transactions and continues to serve as a valuable resource for the commercial real estate community. Whether it is a footage dispute in an existing property or due diligence that is required prior to acquiring a building, RDM provides understanding on how buildings get measured and a full platform of solutions for landlords, brokers and property managers.
For new investors, RDM’s Due Diligence Report allows buyers and sellers to get a better understanding of the existing square footage conditions, the efficiency of each floor plate, the potential R.O.I. of the property as a whole and includes:
- Area analysis to better comprehend existing usable footages and loss factors
- Projections report depicting target rentable footages, potential growth and R.O.I.
- Building reconciliation on rentable areas to validate PROFORMA
- Creation or validation of floor plans to support marketing, management and leasing efforts
- FAR studies to determine existing air rights
- Efficiency report, a descriptive breakdown on how efficient a property is floor by floor
Check back for more as Real Data Management takes a look at commercial real estate market trends, their influence on the industry and how RDM can help when the market turns around. Visit our website to get our White Paper on Building Measurement trends.
