Negative location attributes also consider Submarket, Immediately Surrounding Area, and Site-Specific concerns as:

Submarket Characteristics Reducing a Location's Rating

• Area demographics reflect a disproportionate presence of very low income households
• Weak availability, and/or quality, of area employment
• Generally limited, or deteriorated condition of area commercial development and services; functional obsolescence of existing shopping facilities
• Area access is substantially inconvenient
• High area unemployment relative to metropolitan area statistics

Immediate Surrounding Area Characteristics Reducing a Location's Rating

• Substantially deteriorated surrounding neighborhood development - housing and/or commercial
• A "high crime area" designation
• High immediate area unemployment relative to metropolitan area statistics

Site-Specific Characteristics Reducing a Location's Rating

• Ingress/egress limitation to site accessibility resulting from obstacles, or inconvenience such as: Presence of a traffic median prohibiting direct access; excessively high drive-by traffic volume resulting in inconvenient access; or frontage onto a one-way street.
• Limitation of street exposure if the property includes frontage onto a major traffic carrier (i.e. a narrow entry, with minimal street frontage).
• Limited marketing exposure to prospective resident traffic due to frontage onto a low volume neighborhood street.