RECA Commercial Practice Exam

In a market analysis, various attributes are examined to understand the dynamics of a specific market or sector. This includes profiling the users or investors, which helps identify the demand and target audience; analyzing existing and expected competing products, which provides insight into market competition; and assessing the effect on public infrastructure and tax revenues to gauge the broader economic impact.

Specific property designs, however, generally do not fall within the purview of a market analysis. While property designs may play a role in individual project feasibility or architectural considerations, they are more tied to the operational or development phase than to the market analysis itself. Market analysis focuses on broader trends and factors that influence the viability and attractiveness of a market rather than the intricate details of design specifications for particular properties.