Course Details

This course provides a comprehensive look at commercial real estate development, including supermarket and shopping center development and recent efforts to improve access to healthy food in low-wealth communities. We will examine the factors that inhibit retail development in underserved communities and explore the roles that CDCs and public entities can play in encouraging private sector development as well as under taking development themselves. Participants will review the role that real estate development plays in community economic development and become familiar with a variety of project types, the real estate development process and the key players on the development team. We will explore the fundamentals of market analysis, the factors affecting demand for retail and office space and the types of leases used in commercial development. Participants will learn the basics of how to evaluate the feasibility of a project and also learn how the value of commercial property is determined. We will evaluate real estate projects from the perspective of private- and public-sector lenders, estimate the amount of debt a project will support, and explore ways to close financing gaps. Several project case studies will be used throughout the course, and you will perform a series of analytical exercises. Participants should bring a calculator.

Course Length: 2 Days

Tuition: $770.0

Course counts toward a professional certificate (PCP): Yes