Market Snapshot

Market Snapshot

Produce a submarket analysis covering supply/demand dynamics, vacancy trends, rent growth, construction pipeline, absorption, and demographics.

Skills Invoked

• market-analysis -- submarket delineation, supply/demand framework, comp assembly

Required Inputs

• Submarket or MSA name
• Property type (office, industrial, retail, multifamily)

Optional Inputs

• Specific competitors or comparable properties to include
• Time period for trend analysis

Reads from Manifest

None -- typically run standalone or early in a workflow.

Writes to Manifest

• Directory: market/
• Files: submarket-snapshot.md
• Key metrics: vacancy_rate, asking_rent_psf, yoy_rent_growth, pipeline_sf, absorption_sf

Workflow

Step 1: Define Submarket

Invoke market-analysis to delineate the relevant submarket boundaries. If MCP data sources are available (CoStar), use them. Otherwise, ask user to describe the competitive set.

Step 2: Supply Analysis

Gather: existing inventory, construction pipeline (under construction + planned), recent deliveries, demolitions/conversions.

Step 3: Demand Analysis

Gather: net absorption trends, major lease signings, tenant industry composition, employment growth in relevant sectors.

Step 4: Rent and Vacancy

Current vacancy rate, asking vs. effective rents, rent growth trend (3-year and 5-year), concession trends.

Step 5: Demographics and Drivers

Population growth, employment by sector, income trends, major employers. Focus on factors that drive demand for the subject property type.

Step 6: Output

Generate structured markdown report. Write to deal context and update manifest.

QA Checklist

• Submarket boundaries defined and stated
• Data sources and as-of dates documented
• Vacancy and rent figures include source attribution
• Pipeline includes both under-construction and planned

Escalation Notes

• Without MCP data sources, this command relies entirely on user-provided data or publicly available information. State data limitations clearly.
• If user provides no submarket data, explain what data is needed and where to find it (CoStar, local broker reports, census data).