Mixed Use Developments
With TheAnalyst PRO, you can generate five and ten year cash flow analyses as well as a plethora of Key Performance Indicators (KPIs). Our platform can accommodate expansive multi-tenant retail centers as well as towering multifamily developments. However, as cities look to create more walkable and dense urban centers, mixed use developments have become more commonplace. This raises the question, how can we model this new combined asset class?
There are currently two approaches to this problem and the one you pick will be dictated by the composition of your development. If your project has an array of retail and office with only a few residential units, you would be best served by selecting square footage on the property size dropdown within the "Property Details" section of Commercial Package PRO. This will allow you to enter commercial lease details. You would then simply enter the lease details for your residential units as you would for a commercial unit.
On the other hand, if you have vastly more residential units than you do commercial, then you would want to select "Units" on the "Property Details" section of Commercial Package PRO. This will allow you to create a unit mix for the different floor plans your property offers. You would then simply add the rental rates for your few commercial units. If you have tenant reimbursements, you can add them as custom expenses in the "Expense Detail" section.
This is simply one example of how dynamic TheAnalyst PRO can be. Commercial Real Estate is rarely straightforward and your tools need to be able to accommodate the intricacies of your transactions.