A Market Feasibility Study Services for 60 units Assisted Living / senior housing is needed in Michigan, USA.
Market Study
Assisted living feasibility studies utilizes a wide range of methods. A market study will determine if the available supply of a senior housing is adequate for the demand from the available customers. This supply and demand ratio becomes an important market characteristic to determine if a proposed project should go forward. In this type of market study, demographics and the available supply of certain types of housing units or services are carefully reviewed. If the assisted living supply, for example, appears inadequate to meet the demand from the age, income and asset qualified individuals in the marketplace area, the market study would move forward to a feasibility study.
Feasibility Study
In a market feasibility study, the proposed project is evaluated from the economic perspective of whether or not the anticipated rents (or other charges) can support the operating costs and provide suitable margins. This type of feasibility analysis is often done from several perspectives to carefully determine whether the income from the proposed project will support the operating costs as well as the capitalized costs of construction and lease-up.