Data for condo development
Category: Business and Money > Finance
Asked by: mine0102-ga
List Price: $75.00
27 Nov 2006 10:05 PST
Expires: 28 Nov 2006 08:09 PST
Question ID: 785963
I am looking for data to assist me in determining the feasibility of developing a condominium complex in Hoboken, New Jersey. The development would take place on 0.63 acre (27,400 sq ft) of unimproved land located at 720-732 Grand St & 727-733 Adams St, Hoboken, NJ 07030. The complex would be 20 stories high, with underground parking garage, indoor gym and swimming pool, front doorman, security, loading dock, etc. The development would begin now and be completed in 2 years. Below is the data I need: 1) Likely macroeconomic economic trends between now and completion date - GDP growth, interest rates, inflation rate, variations in my specific geographic area relative to rest of country 2) Important microeconomic factors that will impact the development - Supply and demand factors affecting local housing market, condos, etc (current and forecasted) 3) Total market for condos in area (Hoboken, New Jersey) - Percentage of market that would potentially be captured by development - Existing and potential competition 4) Current demographic situations and trends and how they will impact the development - Population mix (age, race, income, employment, etc), growth, trends, etc 5) Effect of development on economy - Likely impact of construction on local economy as well as subsequent impact of condo on the economy The following need not be considered: 1) Environmental considerations 2) Cross regional effects 3) Taxes, subsidies, zoning considerations and other government regulations/oversight 4) Financing, cost of construction, other financial issues For every response to my question, I need the most up-to-date data and legitimate, verifiable sources and website links where applicable. If one source cites another source, I need the original source. Please respond as soon as possible. Thanks.
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Re: Data for condo development
From: guillermo-ga on 27 Nov 2006 12:41 PST
Dear mine0102-ga, Since you're asking for a response as soon as possible, I'd like to spare you much fruitless waiting time by letting you know that I find most unlikely that your question gets answered at all. The quantity and depth of information you're asking for requires an amount of working time far beyond what even the highest amount accepted by this service ($200) would reward. I'm just one researcher and we work all independently from one another, so I can't speak for all of us, but from my experience I can tell that your question will probably remain unanswered. Your requirement looks like the type of consulting job that in the market may reach a few thousand dollars. One thing you may try is to split your five points into five separate questions, and price each of them at a maximum. But, still, that would not assure all of them to be answered -- take for instance #3, which would may require some fieldwork. I'm sorry if my comment sounds disappointing, but it is meant to prevent you from a delay in your job by expecting an answer unlikely to come. Sincerely, Guillermo
Re: Data for condo development
From: mine0102-ga on 27 Nov 2006 14:40 PST
Thanks for the comment. I guess I should have done a better job clarifying the question, so I will do so now. I'm not looking for an in-depth, 3 page detailed analysis for each point. What I am looking for is a few lines that point me to the the best source for the data, if it exists. For instance, for point 1 (which I partially started myself), I'm looking for something like: 1) Below is where you can obtain the forecasted macroeconomic data: - GDP: The Economist - http://www.economist.com/countries/USA/profile.cfm?folder=Profile-Forecast - Interest rates: ............ - Inflation rates: ............ - Variations in selected area relative to rest of country: ........ I was envisioning that whoever takes the question will spend around just 10 to 15 for each of the 5 points looking for and gathering the sources of the data, and once they provide me with the sources, I will conduct the analysis myself. Please let me know if this still seems unreasonable in the context of this forum. Thanks.
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