Increasingly the idea of technology replacing the appraiser has become a source of speculation. A recent article by Joe Light on Bloomberg.com addressed the question.
The Hartford Central Business District (CBD) apartment market is booming with 795% expansion since 2002 (177 units to 1,585 units). With another 565 units in the planning/construction stages, the market could increase by another third in the next 24+/- months.
Infrastructure and readiness are on the minds of everyone lately, especially in the wake of recent disasters and crises around the country and around the globe. Mobility, nimbleness, and the ability to pivot are universal themes and relate to commercial real estate as we think harder about discrete implications.
Appraisals of commercial real estate and other special purpose properties consider three approaches to value and conclude with a reconciliation of the approaches to estimate a final value.
It is said of some athletes that they make the difficult look easy and make the routine look difficult. I’ve heard this said of goalies and shortstops at the very least.