The appraisal of the Convention Centers is closely related to the cost of travel, company travel budgets and the economy in general. During times of prosperity, Convention Properties will typically exhibit high occupancy percentages and generous income streams. On the flip side of this, sluggish economic conditions can have a negative affect on Convention business. Stated another way, Convention Centers are very sensitive to economic conditions and their values will often fluctuate more than other real estate during times of economic downturn. The experienced appraiser will recognize this and understand how to evaluate a property in any given set of economic circumstances.
At ELLIOTT® we understand Convention Center properties. Through our national network of appraisers we possess the knowledge to appraise Convention Properties, large or small, anywhere in the United States.