A Reclassification of Real Estate and Market Analyses: Toward Improving the Line of Reasoning

Spring/Summer 1984, Vol 9, No 1

Abstract: Feasibility can be defined in terms of the kinds of constraints involved, and can be seen from a number of vantage points. As a step toward building a framework for feasibility and other forms of structured analysis, the author starts with the development decision, which hinges on the value/cost relationship and goes on to restate conventional appraisal approaches in terms of a general theory of market analysis which is sketched here. Market analyses, classified as site specific and non-site specific are then explored and related to the general theory.