Forecasting Large New Employer Impact On Local RE Markets

[A Taylor]

How have you guys in the past on certain deals; determined whether a market that will have a new major employer moving into the area,(an example is the boon for residential and commercial real estate in Sparks Nevada when Tesla opened its huge GigaFactory outside Sparks) a good market for speculative residential or commercial purchases?

I am looking at a particular market that is very similar to Sparks Nevada PRE Tesla (in a state in the Eastern seaboard) that has a new High Tech employer moving (actually building a new plant from scratch) into area and is projected to bring 3200 high tech mfg jobs to area.

I for example can buy Single Family in this area today while prices are still reasonable but would not be able to raise rents above the current local rent average until time that the new Tech Company's plant is up and running and employees have relocated to area from California. (in about 2 years)

My goal will be short term strong price appreciation of the property/ies that hopefully will occur (as happened in Sparks Nevada) within a couple of years of the High Tech Employers opening.

Any thoughts?