RFP for Development Economics Consultancy for the City of Cambridge

The City of Cambridge is seeking a consultant to provide on-call real estate development economic consulting services. The consultant will conduct professional third-party financial assessments of the potential additional value created by property owner-led rezoning petitions that would increase the development potential of sites by more than 50,000 square feet. The consultant should have experience and knowledge of real estate markets, real estate development, finance, economics, urban planning, and zoning. Some key aspects of the job include: • Conducting financial assessments of rezoning proposals • Analyzing the potential change in property value resulting from proposed rezoning changes • Estimating the value of public benefits provided by proposed developments • Reviewing development pro formas and other financial information • Providing economic analyses related to zoning and urban development