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

TABLE OF CONTENTS
A. EXECUTIVE SUMMARY AND CONCLUSION ................................................................... 1
B. PROJECT DESCRIPTION ........................................................................................................ 9
C. SITE EVALUATION ............................................................................................................. 13
D. MARKET AREA ..................................................................................................................... 23
Primary Market Area ................................................................................................................ 24
E. COMMUNITY DEMOGRAPHIC DATA ............................................................................... 28
F. EMPLOYMENT TRENDS ...................................................................................................... 33
G. PROJECT-SPECIFIC DEMAND ANALYSIS ....................................................................... 43
H. COMPETITIVE RENTAL ANALYSIS ................................................................................. 62
I. ABSORPTION AND STABILIZATION RATES……………………………………………85
J. INTERVIEWS……………………………………………………………………………… 86
K. CONCLUSIONS AND RECOMMENDATIONS ................................................................ 105
L. SIGNED STATEMENT REQUIREMENTS ........................................................................ 109
Addendum