ForensisGroup Market Rent Studies Expert Witnesses provide clients with a variety of valuation services for property owners. Rent comparability studies estimate the current market rents, which is the rent that a knowledgeable tenant would most probably pay for a property as of the date of the report.
Market rent studies assist owners of properties who want a review of market-oriented rent levels. Our knowledgeable experts have expertise in the appraisal of properties, appraisal review, and valuation. Our market rent studies expert witnesses use three methods to determine market rent for a property: lease comparables, lease listings, and market participant interviews. In estimating market rent for a property, our experts research recently leased space with similar characteristics is a first option. However, when this data is unavailable, our market rent studies experts expand the search to find other comparable properties and make adjustments. They also use lease listings as a source of market rent data because its gives an indication of what rent landlords are typically looking for in a particular submarket, and active listings may set the upper limit of the rental range. A third method ForensisGroup experts use in market rent studies is interviewing local market participants—commercial real estate brokers, property managers, and property owners.
ForensisGroup is a full-service company that specializes in expert witness referral. Our Market Rent Studies experts, who have years of industry experience, can play a critical role in the outcome of your case. Please contact our knowledgeable staff today.
Expert 169640 - CA(N)
Expertise Description
I have more than 20 years experience in the field of Real Estate Appraisal with expertise in insurance standard of care for agents and brokers, large multi-tenant and single-tenant retail properties, suburban and downtown office buildings, mixed-use facilities, industrial facilities, hotels, waterfront properties, right-of- ways, easements, ground leases, subdivisions, resort properties, golf courses, vineyards, and thousands of acres of land. I have also appraised all types of residential real estate including: damages, single family homes, high-rise and low-rise apartment buildings, entire condominium complexes, tenancies in common, ranches, cooperatives, timeshares and individual condominium units. I have over 5 years expert witness experience with consultations, deposition, and courtroom testimony.
Expert 96877 - CA(S)
Expertise Description
I have over 20 years experience in various aspects of Real Estate Appraisal. My experience includes land economy, property management, water rights, feasibility studies and valuation, and real estate development analyses. I have additional experience with past consultations involving the Municipal Water District of Southern California, salient telecommunications valuation, disposition appraisal of commercial radio antenna sites, control facilities and power plants, and weather radar sites. My other expertise includes telecommunications real estate, including valuation of fiber optic routes and wireless communications sites. I have more than 25 years expert witness experience with consultations, deposition, and courtroom testimony.
Expert 345077 - AZ
Expertise Description
I have over 20 years experience as a real estate / bankruptcy real estate appraiser and am owner of a full service real estate appraisal company serving Arizona. I have performed appraisals in almost every county in Arizona and have completed appraisal in California, Nevada, Utah, New Mexico, and South Dakota. I have appraisal experience in almost every type of commercial and residential property, including: office, retail, industrial, hospitality, apartment, assisted living, subdivisions, vacant land, single family, and small income residential properties. My purposes for appraisals include: appraisal review, appraisal and valuation, estate valuation, lending, foreclosure, divorce, tax appeals, and partial interest studies. I have more than 10 years expert witness experience with consultations, deposition, and courtroom testimony.