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% 2,637
Of two-person households in 1BR units 20% 358
Of one-person households in 2BR units 10% 293
Of two-person households in 2BR units 80% 1,432
Of three-person households in 2BR units 60% 474
Of three-person households in 3BR units 40% 316
Of four-person households in 3BR units 80% 418
Of five-person households in 3BR units 70% 359
Of four-person households in 4BR units 20% 104
Of five-person households in 4BR units 30% 154
Total Demand 6,544
Check OK
Total Demand by Bedroom Overall
1 BR 2,995
2 BR 2,198
3 BR 1,093
Total Demand 6,286
Additions To Supply 2010 to Prj Mrkt Entry June 2014 Overall
1 BR 8
2 BR 16
3 BR 16
Total 40
Net Demand Overall
1 BR 2,987
2 BR 2,182
3 BR 1,077
Total 6,246
Developer's Unit Mix Overall
1 BR 6
2 BR 49
3 BR 16
Total 71
Novogradac & Company, LLP 59