Real Estate Investment Risk Considerations

During a recent investment committee meeting, the management team discussed a potential acquisition of a commercial real estate property in a metropolitan area. The property has shown consistent cash flow and is located in a rapidly developing neighborhood. However, the team noted several risks associated with the investment, particularly concerning market fluctuations, tenant stability, and operational costs.

Which of the following risk considerations is MOST pertinent to evaluating the long-term investment potential of this real estate acquisition?