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Consulting for Urban Real Estate  + Alyssa Green (GreenA85@newschool.edu)	  + Anna Joyce (JoyceA83@newschool.edu)  + JiYoun Kim (kimj602@newschool.edu)
Contents ,[object Object],-  Background Information, Issues and Purpose of our plan  ,[object Object],  -  New York Real Estate   -  FoundatioNYC ,[object Object],  - Branding  ,[object Object],- New Venture Opportunities  ,[object Object]
Tactical Plan  -  Target markets   -  Strategic Suggestion ,[object Object]
  conclusions,[object Object]
Introduction ,[object Object]
  Problem
   The real estate industry is struggling through this        economy. Commercial real estate agencies have proven to be      outdated and are unable to adapt to the recession.  ,[object Object], -  The economic situation offers a unique opportunity for agencies to build an improved brand in order to establish new venture opportunities and strategic relationships.  ,[object Object], -  Industry:  Real Estate	  -  Services:  Branding, promotions, strategic relationships,                            product & service design, New Venture Opportunities  -  Client:       Citi-Habitats
Analysis ,[object Object],- 10.3% and growing unemployment rate in NYC  -  New York real estate prices are on average much greater      than other US cities: Economy mirrors the price of rents and sales
Analysis ,[object Object]
  Increase in Market Size -  NYC is the 3rd most popular destination in the country for      recent college graduates  -  355,000 more NYC inhabitants since 2000, 4.4% increase
Analysis ,[object Object]
  Vacancy -  New listings increasing while fewer contracts being signed  -  3% of Manhattan’s office space is vacant  -  Increase of short term leases
Analysis ,[object Object]
  Changing Trends -  Neighborhoods increase and decrease in popularity      affecting price  -  ‘NoHo’ average sales price increased to 81.5% & price per       square foot increased 55.7% in September 2009  -  Reputable Upper East Side’s average sale price      decreased 34% ,[object Object],-  Real Estate constantly growing  -  28 completed developments and 3 current projects  -  There are more than 60 new buildings currently on the      market in NYC
Analysis ,[object Object]
   Agents -  New York Real Estate market has many players like Halsted,       Christies, Manhattan Connections, Apts and Lofts,     Prudential, etc.  -  No Fee Apartment Agents: Craigslist, No Fee Rentals,      Rent Direct, Naked Apartments, Rent-Directs  -  New York real estate laws prevents sharing of commission      to discourage bribery and unlawful acts that create      an unfair advantage
Analysis ,[object Object],Consulting for Urban Real Estate
Marketing Strategies ,[object Object]
  Vision Statement -  Bringing “REALITY” to New York City Real Estate. ,[object Object], -  At FoundatioNYC, we seek to guide real estate agencies to      utilize NYC spaces to its fullest potential; achieved      through building brands, expanding relationship, and      capitalizing on new opportunities in order to strengthen      our clients’ positions in the market. FoundatioNYC aims to      give every square foot to one of the world’s most      important cities, for the benefit of every New Yorker.
Analysis ,[object Object]
  Alternative Services -  offerings: CHMG, CitiHabitats Relocations,                              CitiHabitats Outreach,                               Citihabitats Furnished  -  Mission:  Citi Habitats pledges to offer each and every one                          of our customers, clients, and associates the                         utmost in personalized service. An industry leader                         for more than a decade, we are dedicated to                         honesty, integrity, and professionalism to deliver                         the best possible results.Not only sales and                         rentals but also, Citi Habitats do  marketing,                         relocation, outreach, furnished and settling-in.
Analysis ,[object Object]
  Size
  6,400 rental listings and 300 sales listings
  Of New York Times listings Had:   22% of current rentals and 3 % of current sales  ,[object Object],-  Provide employees with training that exceeds      the legal requirements of a real estate agent  -  Size of listings reflect relationships with numerous       landlords and amount of employees  -  Owned and operated by NRT LLC. which also own Coldwell      Banker, Sotheby’s, The Corcoran Group, etc that in total      have 800 sales offices, 5,700 employees and 48,000 sales      associates
Objectives ,[object Object]
 Branding   ,[object Object],  ,[object Object],[object Object]
 Branding
  Brand Image/Identity alignment
Make Citi-Habitat more distinguished as Market Leader
Align with 22% of rentals
  Graphic/Web design/Brochures (literature/media, etc)
Add Color to Blue&White theme
Trend awareness
Create customer loyalty, 50% repeat business
Advertising expansion
Open advertising to 25% more venues,[object Object]
 Strategic Relationships
PR
100% awareness brand and services

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