As a multifamily syndicator, here is some of the data points that we look for in the deal, and in the market, in order to be sure that the deal is a good one:- Market Performance: Rent Growth, Market Vacancy, Long-Term Vacancy Average, Adverse Cycle Occupancy Bottom, Median Income, Employment Pool, Rent to Cost of Ownership, Income to Housing Cost Ratio, Market Rankings, Construction/Absorption Ratio, Pricing, Cap Rates, Trends in Capital Market, Etc. - Forecasted Market Performance of the Same- Property Specific Performance: Asking Rents, Actual Rents, Vacancy, New Lease Trade-Outs, Average Vacant Days, Lease Terms, Retention Rates, Renewal Trade-Outs, Sales Record, Renovations Completed, Market Comparable Amenities based on Class of Asset, Revenue, Rent Roll, Trailing 12 Months of Operating Expenses, Property Taxes, Property Insurance, Market Trends of Specific Floor Plans, Etc.

A lot of it has to do with absorption rate and whether or not the area can sustain another complex, the cost of building/materials/labor vs a rehab of an existing building, etc.

As far as market indicators the number one indicator of future performance is absorption to new completion ratio.

@Lauren HoganLarge tech and startup community, I live here :-), top notch university, progressive and hip vibe.All of this leads to a place people want or need to be which drives our population, wages, occupancy and absorption rates.

Until we start seeing a serious downturn in the net absorption of the office/flex space asset classes in 2021 due to businesses determining they don't need office space any longer and home offices are suddenly viable, every news site can go kick rocks. 

There is a bunch of construction occurring with little absorption. 

Supply Vs Absorption is a very important factor when considering a market, especially when making assumptions for Rent growth. 

However, without knowing the market rental rates, typical TI allowances and the assumed absorption rate (the timeframe to lease-up space), it’s not possible to calculate.

As I read it, the soil survey for Buncombe county (page 252) has Junaluska series as suitable for septic tank absorption fields as is Edneyville (page 152). 

As a multifamily syndicator, here is some of the data points that we look for in the deal, and in the market, in order to be sure that the deal is a good one:- Market Performance: Rent Growth, Market Vacancy, Long-Term Vacancy Average, Adverse Cycle Occupancy Bottom, Median Income, Employment Pool, Rent to Cost of Ownership, Income to Housing Cost Ratio, Market Rankings, Construction/Absorption Ratio, Pricing, Cap Rates, Trends in Capital Market, Etc. - Forecasted Market Performance of the Same- Property Specific Performance: Asking Rents, Actual Rents, Vacancy, New Lease Trade-Outs, Average Vacant Days, Lease Terms, Retention Rates, Renewal Trade-Outs, Sales Record, Renovations Completed, Market Comparable Amenities based on Class of Asset, Revenue, Rent Roll, Trailing 12 Months of Operating Expenses, Property Taxes, Property Insurance, Market Trends of Specific Floor Plans, Etc.