In 2019, ESI was retained by DePetro Real Estate Organization to examine the planned development for a 14-townhouse development in the Cooper Grant neighborhood of Camden, NJ, to include both market rate and affordable units. ESI’s report examined Camden, and the planned development, through an economic lens, commenting on the market potential for the project.
ESI analyzed the demographic and economic trends, and housing options and supply. We found that the proposed development would fill a need for high quality homeownership units in close proximity to Camden’s waterfront and downtown area. The analysis of the supply and demand dynamics of the Camden market showed the proposed development would provide much needed new housing stock in Camden that will meet demand from current and new residents, meaning the development was likely to achieve the proposed sale prices.