In its purest form real estate development comes down to supply/demand fundamentals. It’s about determining a need in a marketplace and creating a product that fulfills that need. However, in order to determine a demand one must complete a thorough market analysis. The following list contains a number of resources, national and NYC-specific, that one will need to determine an unmet demand or a future demand for a specific area and then begin thinking about a product to fill that demand:
Development and Planning News:
Urban Land Institute
www.uli.org
American Planning Association
www.planning.org
Planetizen – Compiles planning and development news from various sources
www.planetizen.org
PlanNYC – information on major development projects in NYC.
www.plannyc.org
Real Estate Journal
www.realestatejournal.com/
List of Real Estate-Related Journals Online
http://cbeweb-1.fullerton.edu/finance/irer/links/
Data Sources:
General
U.S. Census American Factfinder
www.factfinder.census.gov
DataPlace
www.dataplace.org
Market Analysis
Torto Wheaton Research
www.twr.com
National Association of Industrial and Office Properties
www.naiop.org/
PKF Hospitality Consulting
www.pkfc.com/en/pkf-hr/
Urban Land Institute – Dollars and Cents of Shopping Centers / Multifamily Housing
www.uli.org
Employment
Bureau of Labor Statistics
www.bls.gov
Bureau of Economic Analysis
www.bea.gov
County/Zipcode Business Patterns
http://www.census.gov/epcd/www/zbp_base.html
Community Economic Toolbox
www.economictoolbox.geog.psu.edu/
(Analyze employment data, shift-share and location quotient analysis)
Demographics
U.S. Census – American Factfinder
U.S. Census – Current Population Survey
U.S. Census – American Housing Survey
www.census.gov
NYC Housing and Vacancy Survey
www.census.gov/hhes/www/housing/nychvs/nychvs.html
Social Explorer (census data)
www.socialexplorer.com
Sperling’s (cost of living data)
www.bestplaces.net/
Construction Activity
U.S. Census – Manufacturing, Mining, and Construction Statistics
www.census.gov/const/www/
HUD State of the Cities Database (building permits)
socds.huduser.org/
NYC Department of Buildings (applications, building permits, demolition permits)
www.nyc.gov/html/dob/html/bis/bis.shtml
Housing Economics and Markets
Harvard Joint Center for Housing Studies
www.jchs.harvard.edu/
National Association of Home Builders (Economic data on housing markets – prices, supply, etc.)
www.nahb.org
OFHEO – Office of Federal Housing Enterprise Oversight
House Price Index data for States, Metropolitan Statistical Areas
www.ofheo.gov
Construction Costs
U.S. Census – Manufacturing, Mining, and Construction Statistics
www.census.gov/const/www/
R.S. Means
www.rsmeans.com/
Affordable Housing
National Low Income Housing Coalition (affordable housing data)
www.nlihc.org
Affordable Housing Design Advisor
www.designadvisor.org/
New York City – specific sources:
New York City Department of Buildings (DOB): For information on building plans, Certificates of Occupancy, and elevators.
New York City Economic Development Corporation (EDC): RFPs and information about development project in NYC.
New York City Department of City Planning (DCP): For information about rezonings in areas throughout the city. Neighborhood data available by community district.
New York City Department of Environmental Protection (DEP): For information on noise and noise complaints.
New York City Department of Finance (DOF): For property records.
New York City Housing Authority (NYCHA): NYCHA provides affordable housing for low- and moderate-income residents throughout the five boroughs. NYCHA also administers a citywide Section 8 Leased Housing Program.
New York City Housing Development Corporation (HDC): A public benefit corporation dedicated to the financing of affordable housing.
New York City Rent Guidelines Board: Offers a variety of housing resources and research.
Community Preservation Corporation: CPC is a private mortgage lender specializing in financing low-, moderate- and middle-income housing throughout New York and New Jersey.
Furman Center for Real Estate and Urban Policy: An academic research center in the New York University School of Law devoted to the public policy aspects of real estate, land use and housing development.
Housing Partnership Development Corporation: The Housing Partnership is a leading intermediary for the development of new, affordable homeownership housing on publicly-owned and privately-owned sites.
LawHelp.org /NY: A site to help low-income New Yorkers solve legal problems.
Lower Manhattan Development Corporation (LMDC): The Lower Manhattan Development Corporation was created in the aftermath of September 11, 2001 by Governor Pataki and then-Mayor Giuliani to help plan and coordinate the rebuilding and revitalization of Lower Manhattan, defined as everything south of Houston Street.
Lower Manhattan Public Information Campaign provides people who live in, work in and visit Lower Manhattan with essential news and information about the area and its recovery. It is led by the City of New York in partnership with the Lower Manhattan Development Corporation, New York State, and the Federal Government in conjunction with partner agencies and organizations at the local, state, and federal level.
Neighborhood Housing Services of New York City: Neighborhood Housing Services (NHS) is a not-for-profit housing organization that partners with community residents, financial institutions and government to increase and protect investment in underserved low-and moderate-income neighborhoods.
New York City Census FactFinder provides quick and easy access to New York City population information from the 2000 U.S. Census. Profiles are presented for community districts, individual census tracts and user-defined groups of census tracts.
New York City Housing and Neighborhood Information System (NYCHANIS): NYCHANIS provides local housing organizations, community development groups, and the general public, with the data they need to monitor neighborhood conditions, plan programs that will improve their housing and neighborhoods, and secure funding for these programs. With NYCHANIS, data is easily accessible to users through a searchable, web-based database. Up-to-date data includes demographic and housing conditions ranging from housing stock and housing affordability to mortgage originations and foreclosures in New York City’s neighborhoods.
Market Analysis (New York) (there are lots of firms that have similar information – here are just two suggestions)
Miller Samuel
www.millersamuel.com/
Massey-Knakal (outer boroughs of NYC)
www.masseyknakal.com/
Links to private real estate research and market analysis firms:
National Data Providers—Geography Covered
ALN Systems, Inc.—National TX, FL, AZ, GA (NV and CO – 2005)
CB Richard Ellis—National / Worldwide
Claritas Inc.—National
Clayton-Fillmore, Ltd.—Individual markets nationwide
Danter Company—National
First American Real Estate Solutions—48 states, 634 counties
Keith M. Kramer Associates, Inc.—United States, Puerto Rico, Caribbean
M/PF YieldStar—National (4 regions and 57 metros)
Marcus & Millichap—National
Maxfield Research, Inc.—Counties, metro areas, states
McGraw-Hill Construction—National and Canada
NPA Data Services, Inc.—National
Pierce-Eislen, Inc.—Metropolitan areas in AZ, CO, CA, NV, WA
Real Capital Analytics—National
Reis, Inc.—National
Ribbon Demographics, LLC—National
Torto Wheaton Research—National
Regional Data Providers—Geography Covered
Apartment Appraisers and Consultants—Denver, Colorado Springs
Apartment Association of Metro Denver—Metro Denver and the six surrounding counties of Adams, Arapahoe, Boulder, Denver, Douglas and Jefferson
Apartment Data Services, Inc.—Greater Houston area; Galveston and Conroe, TX
Apartment Insights—Denver, Phoenix, Tucson, Seattle, San Francisco, Portland, and Colorado Springs
Apartment Realty Advisors—Texas
Apartment Search Profiles—Minneapolis/St. Paul, Kansas City, Detroit, Baltimore, Washington DC
Appraisal Research Counselors—Illinois, Michigan, Indiana & Wisconsin
Austin Investor Interests—Central Texas
Capitol Market Research—Austin, TX MSA
CB Richard Ellis Memphis—Southeastern United States
Dale Henson Associates, Inc.—All major Southeast metro areas
Delta Associates—Washington and Baltimore MSAs
Draper and Kramer, Inc.—Chicago and suburbs
Dupre + Scott Apartment Advisors, Inc.—Western Washington state (7 counties)
Kammrath and Associates—Metropolitan Phoenix and Tucson
Karnes Research Company—Raleigh-Durham, Greensboro, Winston-Salem
Marathon Management, Inc.—Oregon and Washington
Mark D. Barry and Associates—Portland metro area
McCabe Research & Consulting, LLC—Southeast Florida and Tampa Metropolitan Statistical Area
Monarch Data—Houston, Austin, San Antonio & Dallas/Ft. Worth (and surrounding areas & Metro Areas)
NM Apartments Online/Grubb & Ellis — Lewinger Hamilton Inc.-New Mexico and El Paso (TX)
NE Apartment Advisors, Inc.—Greater Boston, MA, New Hampshire, Rhode Island & Connecticut
R.E. Technologies—Texas, Oklahoma, Utah, New Mexico, Arizona, Florida, Georgia
Real Data-Aptindex.com—North Carolina, South Carolina, Virginia, Florida
RealData, Inc.—Major metro areas in the West
Real Estate Research Institute—Baton Rouge, LA
RealFacts—Western United States
Reinhold P. Wolff Economic Research, Inc.—Dade, Broward, and Palm Beach Counties, Florida
Revac, Inc.—Houston, TX, Harris Co., Fort Bend Co, Montgomery Co., Galveston Co.
Tracy Cross and Associates, Inc.—Chicago and surrounding 9 counties
Triad Research and Consulting—Florida
Washington Center for Real Estate Research—Eastern and southwest Washington
Are there any sources that should be added to this list?
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