Site selection is critical to the success of any retail business. Understanding where your competitors and customers are will elevate your businesses’ potential with a competitive edge. We can employ both a bottom-up or top-down approach and can assist your retail business with the following:
- Consumer Profile and Lifestyle Spending
- Demographic Analysis
- Identify competitor locations and performance
- Drive Time Analysis
- Traffic Pattern Analysis
- Identify consumer purchasing power for a specific location or for a specific good
- Determine the suitability of zoning
- Identify trade area limits
- Supply and Demand Analysis
Our professional advisors understand that site selection is one of the key factors in determining the success of a business. We use site selection strategy to review regulatory requirements, market demand, tenant requirements, and consumer accommodations. Important factors we take into consideration are property size, demographics, zoning restrictions, competitors, potential access points, traffic flow, and visibility to name a few. Through this process, we help our clients make the most informed decision by helping them understand real estate variables that will maximize their success.