Effective Monday, March 16, 2020 and until further notice, Econsult Solutions is having staff members work from home. This form of “social distancing” has been implemented with the safety of our staff and the community at large in mind. We have instituted all necessary remote-working features and remain open for business, hard at work on current engagements and eager to hear how we can support your needs.
These are extraordinary times. The global pandemic has reached every aspect of every life in every corner of the world. More than ever, ESI stands ready to apply economics, strategy, and insight to help you move forward. Be on the lookout for additional content on our blog, Present Value. Together we will emerge stronger and wiser.
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.