Market Analysis: A Zoning Necessity
Zoning Practice — February 2006
By Anthony Smith, Stephen Friedman, FAICP
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Market and economic feasibility analysis are not traditionally associated with the development of zoning regulations. However, these techniques have much to offer to the zoning discussion, particularly as it and related regulatory tools become increasingly associated with efforts to define community aspirations.
The growing popularity of design guidelines, form-based codes, and extensive discretionary design review processes suggests an increased interest by communities in carefully controlling development to achieve specific goals. As this focus on guiding and harnessing market and economic forces becomes more prevalent and fine-grained, it is increasingly important that regulators consider these underlying forces and their potential interactions with regulations.
This issue of Zoning Practice discusses how major demographic and preference trends will affect the demand for various types of housing and considers how they play out within the delicate economic parameters of downtown and town center redevelopment.
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About the Authors
Anthony Smith
Stephen Friedman, FAICP
Stephen B. Friedman, FAICP, CRE
Founder, SB Friedman Development Advisors, LLC
Steve Friedman has more than 40 years of experience in real estate and development advisory services. He founded SB Friedman Development Advisors, LLC in 1990. It is now a 30-member consulting firm that works closely with public, private and institutional clients on innovative public-private partnerships and development strategies that have resulted in 4,000 units of affordable housing and $5 billion of public funds as part of $27 billion of public-private development projects over the past 12 years. Steve and the firm are deeply engaged in formulating and executing redevelopment strategies including advising on the use of Tax Increment Financing, Business Districts, Special Service Areas, and New Markets Tax Credits for a wide range of projects in core cities and suburbs. These include mixed-use projects, industrial expansions, community facilities, downtown redevelopment, transit-oriented development, waterfronts, airport collateral development and industrial revitalization. Steve is a full member of the Urban Land Institute (ULI) and has served in District Council and national leadership positions; he is currently a member of the Chicago District Council Advisory Board and the Public-Private Partnerships Gold Council. He is also a member of the Counselors of Real Estate (CRE), Lambda Alpha, and the College of Fellows of the American Institute of Certified Planners (FAICP). Steve is a director and member of the Executive Committee of The Civic Federation and a director of Family Focus. He holds a B.A. from Goddard College in Vermont and an M.S. in Urban and Regional Planning from the University of Wisconsin—Madison.