Market Analysis
Burlington GO Land Value Analysis
nblc
Client:
Metrolinx
Location:
Burlington, On
NBLC Services
Market Analysis
Financial Assessment
Land Valuation
Project Description
NBLC was engaged as a real estate development advisor by Metrolinx in 2019 to provide a market analysis and opinion of land value. This work was to be used by Metrolinx to assist in the preparation of the Burlington GO Station Transit-Oriented Development (TOD) Business Case.
NBLC was tasked with determining the highest and best economic use of land for a 5-acre site with potential TOD development given prevailing market conditions and an understanding of transit impacts and trends on real estate markets. From this understanding, NBLC developed a pro forma model considering the an on-going mobility hub study led by the City, and in addition, provided an opinion with respect to potential annual land rent under a ground-year lease scenario, viability of greater office development, land value for designated employment lands, development phasing considerations, and provide an optimal disposition strategy of lands under the suggested development scenarios.
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