Know Whether a Market Can Support the Investment Before Committing Capital
Market Risk Intelligence independently evaluates demand, supply, economics, capital-market conditions, and downside exposure for a specific property type in a specific market—giving lenders, developers, investors, and institutions a clearer basis for capital decisions.
Market Risk Score
Measures market-level risk across demand, supply, economics, competition, liquidity, and related factors.
Financial Outcome Score
Evaluates the probability and resilience of projected financial outcomes under base, downside, and stressed scenarios.
Data Confidence Score
Measures the strength, consistency, recency, and reliability of the evidence supporting the analysis.
Independent analysis since 19984,000+ engagementsExperience across all 50 states$43.8B in evaluated project value
Commissioned and analyst-prepared
Every Market Risk Intelligence report is commissioned and prepared by an analyst, for the property types listed on this page, in a defined market: the coverage check shows what we already hold for your market first, so nothing is scoped or priced before you know whether the report is written from held data or from evidence the analyst sources for you. 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.
Before Capital Is Committed, Answer the Questions That Matter
Can existing and future demand support the proposed project?
Is new supply likely to weaken occupancy, rents, pricing, or absorption?
Are the financial assumptions consistent with current market evidence?
How sensitive is the investment to slower growth, higher costs, or changing capital markets?
What happens under downside and stress scenarios?
How reliable is the underlying market evidence?
What risks could materially affect value, debt service, or investor returns?
How does the subject market compare with alternative markets or investment opportunities?
Market Risk Intelligence converts these questions into a structured, auditable assessment supported by market evidence, financial modeling, stress testing, and risk scoring.
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. The coverage check shows you what we already hold for your market before anything is scoped; where a series is not already held, the analyst sources it for your commission 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.
The check tells you where the evidence comes from, not whether we will take the work. We produce this report for the property types listed on this page, in a defined market. Where we already hold the market data, the report follows our published structure. Where we do not, the analyst sources the evidence for your commission and writes the report to your brief — and the check says which of the two you are getting before anything is scoped.
What is inside the report
Analyst-prepared market risk reports for hotels, manufacturing, office, retail, industrial and warehouse, multifamily, mixed-use, hospitals and ASCs, gas stations and truck stops, and special-purpose properties.
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.
The structure is fixed and the sequence does not change from one market to the next. A report is a complete analytical file in five parts — front matter and apparatus, the risk architecture, market evidence and the twenty-part core, valuation, tiers and capital, then exit, conclusions and appendices — 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.
Identity and contents, with an executive summary quoting all three scores
Two definitions pages: market and model terms, then leverage and disposition terms
The source register with rationale — each dataset, its publisher, observation date, grade and application
Provider size-and-class definitions and the report’s rating bands
Part two
The risk architecture
Three separate scores keep market conditions, financial outcomes and evidence strength visible rather than collapsing them into one composite.
Market Risk Score: twelve weighted categories, sourced indicators, disclosed thresholds and a weak-link rule
Financial Outcome Score: the probabilistic five-component rubric retained
Data Confidence Score: an explicit formula for how much weight the other scores deserve
Six dedicated assessment pages, each with narrative, indicator table and graph
Categories without sourced evidence print NO RELIABLE DATA and are excluded, never averaged in
Part three
Market evidence and the numbered core
Market evidence establishes the frame before the twenty numbered parts run in the same order in every report.
Description, area map, locator and evidence heat map
Submarket panel, peer-market position, inventory and vintage cohorts
Tenant roster and named-project pipeline: delivered, under construction and in planning
The twenty-part core analysis, kept in its numbered order below
Part four
Valuation, tiers and capital
Capital, discount rates and tier-level economics are shown without forcing leverage where the evidence cannot support it.
Capitalisation and discount-rate build-ups
Per-tier pro formas and risk donuts
Equity IRRs by 3-, 5-, 7- and 10-year hold and 60–80% LTV on prevailing loan terms, with DSCR tests
Where a tier cannot carry conventional leverage, the return is NOT APPLICABLE and the staged alternative is stated
Part five
Exit, conclusions and appendices
What the evidence supports, stated in one place and traceable back into the analysis.
Ten purchase-and-disposition strategies, each with a stress floor
An opportunity screen per tier with an integrated dashboard
Conclusions tracing to numbered pages and a rating appendix
An assumption-and-calculation register listing every A-ID and CALC-ID
The three-score risk architecture
The Market Risk Score is a weighted reading of twelve named categories: structural demand; supply/pipeline; vacancy/availability/sublease; effective rent/concessions; economy/employment; competitive/obsolescence; capital-markets/liquidity; location concentration; physical/climate/insurance; operating-expense market; financing/refinancing; and module-specific. Each category is read from sourced indicators against disclosed thresholds and subject to a weak-link rule, so a catastrophic weakness cannot be averaged away.
The Financial Outcome Score retains the probabilistic five-component rubric, testing how an illustrative investment survives those market conditions. The Data Confidence Score follows an explicit formula and states how much weight the other two scores deserve. Six dedicated assessment pages carry the narrative, indicator table and graph for every category, pairing the twelve categories across six pages. Where a category has no sourced evidence, it prints NO RELIABLE DATA and is excluded, never averaged in.
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 dashboardMarket Risk Score, Financial Outcome Score, the weakest component of each, 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 rating is quoted four-wide — Market Risk Score, Financial Outcome Score, the weakest component of each, and the Data Confidence Score — never as one bare number. In the sample edition these read materially differently (market ELEVATED, financial outcome LOW), which is the architecture working.
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.
Recorded overview: any earlier firm totals cited in the recording are superseded by the current figures on this page.
What is inside the report — 3 min 38 secThe apparatus, the three-score risk architecture with twelve category assessments, the twenty-part core analysis, the tier sections, leverage and exit analysis.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 five parts: the apparatus that makes it checkable; a three-score risk architecture with twelve category assessments; market evidence and a twenty-part core analysis; valuation, tiers, capital and leverage; then exit strategies, conclusions and appendices.
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 quoted four-wide — Market Risk Score, Financial Outcome Score, the weakest component of each, and the Data Confidence Score — never as one bare number. In the sample edition these read materially differently: market ELEVATED, financial outcome LOW, which is the architecture working.
The rating is three scores, not one. A Market Risk Score built from twelve weighted categories — supply and pipeline, liquidity, effective rents, climate and insurance among them — each scored from sourced indicators against disclosed thresholds, with a weak-link rule so a catastrophic weakness cannot be averaged away. A Financial Outcome Score testing how an illustrative investment survives those conditions. And a Data Confidence Score, computed from an explicit formula, saying how much weight the other two deserve. Categories without sourced evidence print NO RELIABLE DATA and are excluded, never estimated.
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. Each tier then carries leverage: equity returns by hold period and loan-to-value on prevailing terms, tested against program coverage minimums — and where a tier cannot service debt, the report says NOT APPLICABLE and stages the alternative.
Use it as a planning gate. The Market Risk Score, Financial Outcome Score, the weakest component of each, and the Data Confidence Score frame the decision; the break-evens show how far the case can move before it fails; and the 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.
Market Risk Intelligence is produced for the property types listed on this page, in a defined market. Our desk scopes and prices each report with you, and where we do not already hold the market data, the analyst sources it for your commission.
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. The report itself is produced for the property types listed on this page, in a defined market.
Download the sample edition
The complete seventy-three-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 — 2 min 56 secPage by page through the seventy-three-page sample: three scores, twelve category assessments, the twenty-part core, tier leverage, exit strategies and conclusions.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.
Seventy-three pages in five parts: apparatus, the risk architecture with its twelve category assessments, market evidence and the twenty-part core, valuation and the tier sections with leverage, then exit strategies, conclusions and two appendices.
Most readers start at the dashboard: three scores side by side — market risk, financial outcome and data confidence — with the weakest component of each named on the dashboard.
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.
Ten exit strategies are compared on one project frame, and an opportunity screen is stated per tier — including the honest one: the commodity tier is flagged HIGH office-income risk, potential redevelopment opportunity, not dressed up as moderate. 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 the property types listed on this page, the report is commissioned to your scope. 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. The report families are listed in Property types below.
Property types
Analyst-prepared market risk reports for hotels, manufacturing, office, retail, industrial and warehouse, multifamily, mixed-use, hospitals and ASCs, gas stations and truck stops, and special-purpose properties. Every report is prepared by an analyst and commissioned through our reports desk, which agrees the scope, the price and a delivery date with you before anything is charged. The coverage check tells you what we already hold for your market and what the analyst sources for it — where we hold the data the report follows our published structure, and where we do not, the analyst sources the evidence and writes it to your brief.
Separately from this report, the firm writes analyst-prepared market reports to your own brief for any of these classes. That is a different product bought for a different reason — not a substitute offered when a market cannot be covered here, because there is no such market.
How it works
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 already hold for that exact pair — and, where a series is not held, that the analyst sources it for your commission.
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 answers the question you set; Market Risk Intelligence answers one we have already framed — how risky is this market for this property type — for the property types listed on this page, in a defined market, and follows our published structure wherever the market data is already held. 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, manufacturing, office, retail, industrial and warehouse, multifamily, mixed-use, hospital and ASC, gas station and truck stop, and special-purpose properties. Where we already hold the market data the report follows our published structure; where we do not, the analyst sources the evidence and writes it to your brief.
Hotel, manufacturing, office, retail, warehouse and industrial, multifamily, mixed-use, hospital and ASC, gas station and truck stop, and special-purpose properties, scoped 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.
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.
