How to Find the Fair Market Value of A Commercial Listing

Tracking local market listings

New York City is a highly dynamic market with dozens of variables that affect the rise and fall of real estate values every month. Being sure that you are up to date on current prices is crucial to finding the fair market value of any listing.

However, the city doesn’t change in price equally. There are hot zones, dead zones, gentrification, rezoning, etc. That is why it's important to be able to analyze properties at a neighborhood, zipcode, & street level. You can use our interactive tool to visualize the commercial pricing of different zipcodes.

Neighborhood, Zipcode, & Street Level Analysis

Foot traffic and Zoning — Different streets have different zoning laws for residential, office, retail, and industrial designations. These zoning laws create “highways” with the highest foot traffic.

Demographics — population density, income levels, and growth trends tend to revolve around particular neighborhoods or zipcodes. As demand changes, so does the rent.

Co-tenancy and Visibility — being near complementary businesses (or a strong anchor tenant) that drive foot traffic can benefit businesses on a hyper-local level. A simple example would be an ice cream shop next to a school. Other hyper-local metrics can be street orientation and lot placement i.e., southern exposure, and corner lots.

Fair Market Value Analysis

To understand if you have room for negotiation or are actually getting a good deal out of a lease, you must have all the information possible. Foot traffic, co-tenancy, demand, demographics, visibility, local market pricing etc.

Trumavector Consulting is the only agency that can give you precise, up-to-date data at scale for any neighborhood and any street in New York City. Contact Us to get an estimate for our services.