Negative Apartment Location Attributes

Negative location attributes also consider Submarket, Immediately Surrounding Area, and Site-Specific concerns as:

Submarket Characteristics Reducing a Location’s Rating

  • Area demographics reflect a disproportionate presence of very low-income households
  • Weak availability, and/or quality, of area employment
  • Generally limited, or deteriorated condition of area commercial development and services; functional obsolescence of existing shopping facilities
  • Area access is substantially inconvenient
  • High area unemployment relative to metropolitan area statistics

Immediate Surrounding Area Characteristics Reducing a Location’s Rating

  • Substantially deteriorated surrounding neighborhood development – housing, and commercial
  • A "high violent-crime area" designation
  • High immediate area unemployment relative to metropolitan area statistics

Site-Specific Characteristics Reducing a Location’s Rating

  • Ingress/egress limitation to site accessibility resulting from obstacles, or inconvenience such
    as:
    • Presence of a traffic median prohibiting direct access; 
    • Excessively high drive-by traffic volume resulting in inconvenient access; or
    • Frontage onto a one-way street.
  • Limitation of street exposure if the property includes frontage onto a major traffic carrier (i.e a narrow entry, with minimal street frontage).
  • Limited marketing exposure to prospective resident traffic due to frontage onto a low volume neighborhood street.