What are the sources analysts use to underwrite a real estate development project? E.g. investment bankers use FactSet, CapIQ, etc.

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CoStar, GreenStreet, Axiometrics, Yardi… and trying out a new one called Market Stadium

All paid services I’m assuming

Depends upon what kind of data you are looking for. Development projects are by definition unique, therefore, cost data should come from a qualified general contractor. Rental rates, lease-up assumptions and timelines should be sourced from a landlord broker that is familiar with the quality and location of the proposed development. Historical data and trends such as vacancy rates and absorption stats can be sourced via CoStar. CoStar and Moody's are great sources for economic data and forecasts. As a fellow grad from McCombs I'm happy to discuss one-on-one if helpful.

That’s very kind of you. I’d love to connect whenever you have free time.

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