Neighborhood analysis should begin with a tour of the area,

Utilities:  The cost and quality of utility services in the neighborhood will also affect any type of real property. Residential and commercial buildings must offer certain basic amenities: gas, water, heat and air-conditioning-to attract individual and corporate tenants.  Industrial users will be particularly concerned with heavy-duty power line, sprinklers, separate sewerage systems and other unique utility services.

Economy: A neighborhood that has a diverse business sectro is in better economic condition than an area that depends on a single major industry for its support.  The property manager can draw on several sources of statistical information for help in assessing the economic health of a neighborhood.  Brokers, appraisers and local newspapers are fruitful sources, as is the local chamber of commerce, which should be able to supply data on the number and type of businesses in the area, the volume of their activity and the general trend of growth in the past and for the future.  Rental rates currently being charged in the neighborhood are another sound indicator of the present economic strength of the real estate market.  When space is in short supply, rents are high.