Market risk analysis for a specific property type, in a specific market, prepared by an analyst
Choose the property type and the geography. We confirm what data we actually hold for that exact combination before anything is ordered, then produce a structured market risk report to the same evidentiary standard our lending clients have relied on since 1998.
Independent analysis since 19983,969 completed studiesExperience across all 50 states$41.2B in evaluated project value
Commissioned and analyst-prepared
Every Market Risk Intelligence report is commissioned and prepared by an analyst: coverage for your market is confirmed first, so nothing is scoped or priced on a market we cannot properly report on. You are emailed a written confirmation when the request is opened, and an analyst comes back to you within one business day to agree the scope, the price and a delivery date. Nothing is charged until that is agreed, and the finished report arrives as a personal download link rather than an attachment.
A narrower instrument than a feasibility study
Our feasibility studies and appraisals are full engagements with a scope, a fee quote and an analyst assigned to them. Market Risk Intelligence is a smaller instrument commissioned the same way: a defined, repeatable report on one property type in one market — for a site you are underwriting, a market you are entering, or a portfolio position you are monitoring.
It answers a narrower question than a feasibility study, and it answers it faster. What it does not do is guess. Every report is produced from data we hold for that market; where we do not hold it, we tell you so before anything is scoped rather than filling the gap with a national average.
Confirm coverage before you order
This is the part most market-data products leave out. Select a property type and drill down to the market you care about, and we will show you exactly what we hold: building inventory, economic data, construction pipeline, market trends and forecast evidence, each with its own coverage band.
If the answer is no, it is a real no. Where coverage falls below the standard this report requires, we will not sell you one. You will be offered a market report written to your brief instead — scoped and quoted to the market you actually need.
What is inside the report
The structure is fixed and the sequence does not change from one market to the next. A report is a complete analytical file in four parts — the apparatus that makes it auditable, a numbered core analysis, a separate treatment of each tier of the cohort, and the conclusions — delivered as a paginated document with its sources, observation dates and limitations printed on the face of it. Sections that depend on a series we do not hold for your market are reported as gaps rather than estimated — which is why coverage is confirmed with you before an order is taken.
Part one
Front matter and apparatus
The part that makes the rest of the document checkable rather than assertive.
Report identity and contents
Executive summary quoting the rating in full
Definitions of every market, model, traceability and leverage term used
The source register — each dataset with its publisher, observation date, a grade and the pages it is applied to
The risk-rating rubric and its bands
Market description, market-area definition and maps
Capitalisation and discount-rate build-ups
Part two
The numbered core analysis
Twenty numbered parts in the same order in every report, so two reports can be read side by side and the same page compared.
Economy at national, state, county and local level
Inventory, cohort structure and competitive analysis
Occupancy, absorption, revenue trends and the pipeline
Market capacity against supportable demand
Market-level pro forma, valuation and probabilistic testing
Stress scenarios, outlook and stated limitations
Part three
A section for each tier of the cohort
The tiers inside your cohort are not averaged together. Each is carried through the same steps on its own, as far as the evidence for that tier allows.
Profile, registered market metrics and sources
Pro forma, simulated distribution and a rating conclusion
Equity returns by hold period and loan-to-value, where the tier can carry conventional leverage
Where it cannot, the report says so and sets out the staged alternative instead of forcing a return
Part four
Exit strategies, conclusions and the rating appendix
What the evidence supports, stated in one place and traceable back into the analysis.
Purchase-and-disposition strategies evaluated side by side by hold period, exit assumption and return, with a stress floor
Conclusions and recommendations, each tracing to a numbered core page
An appendix restating the risk rating in full, with the conditions under which it would change
The twenty-part core analysis, in order
Section names follow the property type — a hotel report reads occupancy and rate where an industrial report reads vacancy and rent — but the sequence does not change.
Report identity and document controlReport number, generation date, the date the data is current through, and review status
Executive market risk dashboardThe composite score, the five components behind it and the data-confidence score
Methodology, sources, freshness and confidenceIncluding where two trackers disagree with one another, shown rather than reconciled silently
National and state economy
County and local economy
Market and submarket overview
Existing inventory and cohort structure
Occupancy, availability and absorption
Rent, revenue and lease-structure trends
Construction and development pipeline
Market capacity and supply–demand balanceSupportable demand set against committed supply
Demand drivers and infrastructure
Competitive and cohort analysis
Operating performance benchmarks
Aggregate market pro forma, valuation and net present valueRevenue, operating expense, capital reserve, net operating income and a discounted cash flow — at market level, for the cohort, not for a project
Monte Carlo assumptions and methodologyIteration count and random seed disclosed, so the run can be reproduced
Monte Carlo results and risk assessmentPercentile outcomes, value at risk, conditional value at risk and the probability of a negative result
Stress and downside scenarios
Forecast, opportunities, constraints and market outlook
Conclusion, limitations, source methodology and intellectual-property notice
Every figure carries its origin. Market figures cite a numbered source from the register; computed figures cite a calculation identifier, so any number in the document can be traced back to the data or the arithmetic that produced it. Where a series is not available for your market, the report prints NO RELIABLE DATA in the place the number would have occupied, repeats the gap in the limitations list, and never substitutes a national average for it. The risk rating is quoted with its weakest component and its data-confidence score beside it — never as a bare number.
The arithmetic behind parts 11 to 18 is published: see how a report is built for market capacity, operating economics and the probabilistic method, and how we score market risk for the five components behind the score and the circumstances in which we decline to issue one.
See the report before you order one
Two short videos, both built from the pages of a complete sample edition. This one walks the structure every report follows; the second, beside the sample download further down this page, presents the sample edition itself — what it contains, who reads it, the licence it is issued under, and how a report is ordered. The full narration of each is written out beneath its player.
What is inside the report — 3½ minutesThe apparatus, the twenty-part core analysis, the five risks scored behind the rating and how each is tested, how the cohort is carried tier by tier, and how to read the result as a go or no-go gate.Read the narration transcript
A Market Risk Intelligence report examines one property type, in one market, end to end. Every edition follows the same fixed structure, so two markets can be read side by side.
It comes in four parts: the apparatus that makes it checkable, a twenty-part core analysis, a section for each tier of the cohort, then exit strategies, conclusions and the rating appendix.
The front matter carries the evidence: every dataset registered with its publisher, the date it was observed, a quality grade, and the pages it is applied to. Nothing enters the analysis without appearing here first.
The rating is built from five scored components. It is never quoted alone: the weakest component and a data-confidence score sit beside it, so a strong headline cannot hide a thin one.
Five risks are scored, each on its own. Supply pressure — the inventory already standing, against the demand this market generates. Pipeline overhang — what is under construction and credibly planned, against demonstrated absorption. Demand trajectory. Concentration in the economic base. And evidence quality, because a market we can only estimate is not the same risk as one we can measure.
The core analysis runs from the national economy down to your submarket — inventory and cohort structure, occupancy and absorption, rents, the construction pipeline, and the demand that has to absorb it.
Then the economics: a market-level pro forma, a discounted cash flow, and a simulation whose iteration count and random seed are printed, so the result can be reproduced rather than taken on trust.
Each component is read from measured evidence for your cohort and geography, then tested: the market’s key variables are run across a distribution of outcomes, reported at their percentiles, with the break-evens that turn the case negative. A single-point forecast is a guess with a decimal place, and uncertainty is itself a risk to whoever relies on the analysis.
Each tier of the cohort is carried on its own, strategies are tested against a stress floor, and where a series is missing the report says so instead of substituting an average.
Use it as a planning gate. The band frames the decision; the weakest component names the condition to resolve before you commit; the break-evens show how far the case can move before it fails; and the data-confidence score says how much weight the reading will bear. It is evidence for your own go or no-go call — market risk, not a valuation, not a credit rating, and not a recommendation.
Hotel and manufacturing markets are covered by our Market Risk Intelligence reports, scoped and priced with our desk once it confirms we hold the data for your market. Every other property type is covered by an analyst-prepared market report instead.
The edition shown in both videos is a demonstration file: an office market built on sample assumptions, marked not for lending reliance on every page. It is published to show structure. Hotel and manufacturing are the only property types Market Risk Intelligence is written for; any other property type is covered by an analyst-prepared market report.
Download the sample edition
The complete fifty-nine-page sample report presented in the film below — Miami-Dade County office, produced on sample assumptions — is available as a read-only PDF. Tell us who you are and we will open it for you straight away.
A sample edition, presented — 3 minutesPage by page through a full report, who uses it, the licence it is issued under, and how a report is scoped and priced with our reports desk.Read the narration transcript
This is a complete sample edition of a Market Risk Intelligence report — an office market, produced as a structural demonstration on sample assumptions. What it shows is the shape of every report we issue.
Fifty-nine pages in four parts: front matter and apparatus, a twenty-part core analysis, a section for each tier of the cohort, then exit strategies, conclusions and the appendix.
Most readers start at the dashboard: one composite score, the five components behind it, the probability of a negative outcome, and a data-confidence score saying how much evidence stands behind it.
Behind it sits the source register — every dataset with its publisher, date and grade. Where two trackers disagree, both readings are printed; where a series is missing, the page prints NO RELIABLE DATA rather than an average.
The core analysis defines the market area, then works through inventory, occupancy and absorption, rent trends, the pipeline, and the demand drivers behind them.
Then the economics: a market-level pro forma, a discounted cash flow, and a simulation reported at its percentiles, with value at risk and the probability of a negative result.
Each tier is carried separately — profile, pro forma, rating, then equity returns by hold and loan-to-value. Where a tier cannot carry conventional leverage, the report says so and stages an alternative.
Ten purchase and disposition strategies are compared against a stress floor, conclusions trace back to numbered pages, and the appendix restates the rating with the conditions that would change it.
Brokers use it to evidence a pitch rather than assert one. Investors test an underwriting case before capital commits. Lenders and institutions get a market file a credit committee can audit line by line.
Each report is the work product of Wert-Berater, Inc., prepared for the exclusive use of the client it is issued to — on this edition, the lender and the reviewing agency. Determinations are not revised under borrower or sponsor pressure.
Every report is commissioned: our desk agrees the scope, the price and a delivery date with you, and nothing is charged until it has confirmed coverage.
For a property type Market Risk Intelligence does not cover, a report is prepared to your brief. Request a fixed-fee quote at wert-berater dot com; we reply within one business day, the non-disclosure agreement is electronic, and a call sets the scope.
The file is a read-only, image-locked PDF of a demonstration edition: an office market built on sample assumptions and marked not for lending reliance on every page. It is published to show structure and is not a market opinion for any property. Your details, the date and time of the request and of each download, your time zone, the network address used and the approximate location it indicates are recorded, together with the acknowledgements above. Hotel and manufacturing are the property types Market Risk Intelligence covers today.
Property types
Market Risk Intelligence is written for two property types: hotel and manufacturing. That is not a limit on what the firm analyses — it is a limit on what this report is. Every edition is built from market data we hold and maintain ourselves, and these are the classes we hold to the standard the report requires. We do not write it on a class we cannot evidence that way.
The coverage checker above will still take any property type you choose. Where the data is not there, it says so plainly rather than producing a thinner report under the same cover, and points you to the analyst-prepared market report for that class instead — a different product, described in the menu on this page.
Choose the property type and market. Drill from state to metro, county, city or submarket. Reports are produced about markets, not about states.
We check coverage. Before price is discussed, we show you what we hold for that exact pair and whether it meets the standard this report requires.
Narrow the cohort. Chain scale and service type for hotels; facility type, size and freight orientation for manufacturing. The report is written to the cohort you select.
The report is produced. Delivered as a structured document with its sources, observation period and limitations stated on the face of it.
Pricing
A single report is commissioned. What it costs depends on the property type, the geography, the cohort you narrow to and the data we hold for it, so no figure is published for it: the reports desk quotes it in writing once coverage has been confirmed, and nothing is charged before you have agreed it.
Two standing subscriptions do carry a published rate, because their scope is settled in advance — the same market and the same property type, on a stated cadence. Both are ordered through the form above, in the markets where our data holds up — the coverage check settles that before an order can be placed.
Quarterly Watch
$2,950 per quarter
$11,800 a year · four editions
Four editions a year on one market and one property type
A variance report with every edition after the first — what moved, by how much, and which scored component it sits in
The same cohort and market area each time, so the readings are comparable
Risk rating and data-confidence score re-scored each quarter
Annual Monitor
$1,750 per month
$21,000 a year · twelve editions
Twelve editions a year on one market and one property type
A month-to-month variance report with every edition after the first
A consolidated annual variance report at the twelfth edition — the whole year, component by component
Risk rating and data-confidence score re-scored each month
The first edition is the baseline. It has nothing to compare against, so variance reporting starts with the second edition. Several of the series behind a rating publish quarterly: where a series has not updated since the last edition, the variance report says so rather than reporting a movement nobody measured.
Professional rates
If you work in the market you are subscribing to, a professional rate applies to the published subscription price. Choose it on the order form and tell us the licence, NMLS number or entity behind it; the desk confirms the claim before it takes a card. The rates do not combine — one applies.
Who it is for
What we need to confirm it
Rate
Real-estate brokerage office
Brokerage name and state broker licence number
20% off
Mortgage banker
Institution and NMLS number, or the state licence it lends under
15% off
Mortgage broker
Firm and NMLS number
10% off
Property developer
The developing entity, and the project if it is named
10% off
What a single report is quoted on
What you are quoted on
What the quote depends on
A single report
One property type in one geography, written to the cohort you select.
Several markets at once
Multi-market and portfolio work is scoped and quoted together, not report by report.
A market we do not already hold
Not sold. Where coverage fails, the report we sell you instead is an analyst-prepared market report, written to your brief and quoted on its own form.
Ordering. Confirm your market above, choose a single report or a subscription, and our reports desk will open the request, come back to you within one business day, and agree the scope, the rate and a start date before anything is charged.
Paying for your report
We accept all major credit cards. Payment is taken by telephone: call +1 310-857-2443 ext. 800 and a member of the reports desk will take your card.
For your security we never ask for card details by email or through this website. So that you are not left waiting on a call, the order form asks for your time zone and the best time to call, and the desk rings you in that window where we can, or writes to agree another time. Nothing is charged until we have confirmed the scope and the price with you.
This is not an analyst-prepared market report
The firm produces both, and they are separate products bought for separate reasons. A market report is research written to your brief; Market Risk Intelligence is a fixed analysis of market risk, produced to a published structure, on the two property types we hold the data for. One is not a cheaper or fuller version of the other, and neither is a substitute when a lender has asked for the other by name.
Market Risk Intelligence
Analyst-prepared market report
What it is
A defined, repeatable analysis of one property cohort in one market, prepared to our published report structure.
A commissioned study scoped to your question, with an analyst assigned to it.
Scope
Standardised. You choose the property type, the cohort and the geography; the structure of the report does not change.
Written to your brief — a specific site, a defined competitive set, a lender’s stated requirements.
Property types
Hotel and manufacturing only.
Every property type the firm works in, including office, retail, warehouse and industrial, multifamily, mixed-use, hospital and ASC, gas station and truck stop, special-purpose assets and anything else written to your brief.
Best for
Screening a market, monitoring a position, or supporting an underwriting file already in progress.
A lender requirement, a specific transaction, or any question that needs an analyst’s judgement on your facts.
How the analysis is produced. The method is published in full: see how a report is built for market capacity, operating benchmarks, probabilistic testing, definitions and sources, and how we score market risk for the five components behind the score and the circumstances in which we decline to issue one.
What this report is not
Market Risk Intelligence is market research. It is not an appraisal, and it does not express an opinion of value for any property. It is not a feasibility study: it does not test a specific project’s financial viability, build a pro forma, or support an SBA, USDA or agency submission on its own. Where a lender or an agency requires a feasibility study or an appraisal, that is a separate engagement and we will scope it as one.
Scope. This report analyses market conditions for a property type in a defined geography. It is not a valuation, an appraisal under USPAP, investment advice, or a recommendation to buy, sell, lend against or develop any property. Data coverage varies by market and is disclosed in every report.
Talk to us first if you are unsure
If you do not know whether you need a market risk report, an analyst-prepared market report, a feasibility study or an appraisal, ask. We would rather spend ten minutes pointing you at the right product than sell you the wrong one. Call +1 310-857-2443 ext. 800 or request a fee quote — we respond within one business day.
Legal disclosure. Wert-Berater, Inc. offices are mailing addresses only. Following the COVID-19 pandemic the firm has elected to work remotely; its office locations receive mail and are not staffed for visitors or in-person meetings. Headquarters mailing address: 1968 South Coast Hwy, Ste 2382, Laguna Beach, CA 92651.
Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.
