Luxury apartment complex in your hometown

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Reference no: EM131843211

Suppose that you were interested in building a luxury apartment complex in your hometown. In your analysis of local demographics, you discover that the target market makes up only 15% (core market share) of the households that currently rent (or would be interested in renting) in this town. If market experts believe that a total of 2,000 apartment units will be rented in your entire hometown within the next year, what is the projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential?

Reference no: EM131843211

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