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Prime Land is identified using a combination of statistical, market and logical analysis. There are a variety of variables that must be considered when sourcing Prime Land, for example:
. Path of growth
. Demographics
. Disposable income
. Vacancy rates
. Leasing rates
. Population Growth
. Strategically located
. Neighbours
. Purchased for fair price
. Surrounding developments
After carefully comparing and calculating these variables, potential locations are identified. At this point it is important to consider the various potential influences on the property or the project associated with it. For example:
- Annexation
- Energy resources
- Employment
- Government policies
- Population growth
- Taxation
- Management team
- Economic climate
- Inflation
- Human Migration patterns
These and numerous other logical approaches are taken to validate the potential of a given parcel of land. In order to prevent miscalculation, only reputable third party information can be considered. The information must be comprehensive and current in order to make forward-looking statements and produce opportunities for today. |
