Positive Apartment Location Attributes

Positive location attributes are defined by: Submarket Attributes; Immediate Surrounding Area Attributes, and; Site-Specific Attributes

Positive Submarket Attributes

  • A majority of area household heads are college-educated, and are employed in white collar, or professional occupations
  • A median household income above the metropolitan area median average income/substantial presence of high net worth households
  • A high density of good quality white/gray collar employment sources
  • Well-maintained area housing development
  • Area commercial development is newer; shopping and entertainment sources are good quality
  • Ease of area access by freeway

Positive Immediate Surrounding Area Attributes

  • Close proximity (a three mile radius) to a high concentration of employment sources
  • Relatively close proximity to a large body (lake or ocean) of water
  • High quality of immediate area housing composition and/or shopping/entertainment facilities
  • Ready availability of public transportation
  • Ready access to a freeway on-ramp/off-ramp

Positive Property-Specific Attributes:

  • Site frontage onto a golf course, private lake or park
  • View of mountains, or a large body of water from the site
  • Neighborhood environment
  • City view from a mountainside, or high rise tower
  • Exposure to a high volume automobile traffic carrier or substantial freeway exposure
  • Site marketing window size
  • Ease of site access (i.e. multiple parking and drive entries)