a market conditions and project evaluation summary of - Georgia ...

Allen Wilson Phase III, Decatur, GA; Market Study
To place Person Demand into Bedroom Type Units
Of one-person households in 1BR units 90% 2,254
Of two-person households in 1BR units 20% 306
Of one-person households in 2BR units 10% 250
Of two-person households in 2BR units 80% 1,224
Of three-person households in 2BR units 60% 405
Of three-person households in 3BR units 40% 270
Of four-person households in 3BR units 80% 357
Of five-person households in 3BR units 70% 307
Of four-person households in 4BR units 20% 89
Of five-person households in 4BR units 30% 131
Total Demand 5,593
Check OK
Total Demand by Bedroom 50%
1 BR 2,560
2 BR 1,879
3 BR 934
Total Demand 5,372
Additions To Supply 2010 to Prj Mrkt Entry June 2014 50%
1 BR 0
2 BR 0
3 BR 0
Total 0
Net Demand 50%
1 BR 2,560
2 BR 1,879
3 BR 934
Total 5,372
Developer's Unit Mix 50%
1 BR 1
2 BR 8
3 BR 2
Total 11
Novogradac & Company, LLP 53