Tips for Retailers That Want to Expand & Grow Intelligently

Posted by Lance Blick on Sep 29, 2023 7:34:00 AM

For as much as we all hear about the tumultuous retail landscape, there are plenty of positive signs:

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Topics: Smart Retail Growth, Retail Trade Area, Retail Industry, Site Selection Software, Analyzing Retail Sites, Competitive Assessment Tool

Retail Trade Areas 101: Part II

Posted by Tom Kessler on May 27, 2021 6:00:00 AM

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Topics: Retail Trade Area, Market Research

Retail Trade Areas 101: Part I

Posted by Tom Kessler on May 21, 2021 1:34:23 PM

This is part 1 of our two-part series. Here's part 2.

Whether you work in retail, commercial real estate or operate any business with a storefront, you are likely familiar with the concept of a trade area.

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Topics: Retail Trade Area, Market Research

Are You Planning for the Pandemic or Beyond the Pandemic?

Posted by Lance Blick on Dec 4, 2020 2:54:48 PM

It has been a long time coming, but it’s finally here: the end of 2020 and the strangest and perhaps most difficult year for many in the retail industry.

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Topics: Retail Trade Area, Retail Industry, Retail Site Selection, Coronavirus

Choosing the Right Trade Area

Posted by Lance Blick on Nov 25, 2019 3:02:54 PM

Throughout our many years in retail real estate research, we’ve heard businesses of all types simplify the assessment of their business’s trade area. So often, we hear economic developers and retailers describe their trade area as a certain-mile radius around a site, but in reality, there are many different ways to delineate a trade area.

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Topics: Retail Data Analysis, Retail Trade Area, Real Estate Analytics Tool, Analyzing Retail Sites

FAQs About Drive Time Trade Areas in Retail Site Selection

Posted by Lance Blick on Jul 30, 2019 9:30:00 AM

In early 2019, SiteSeer made major updates to our flagship software, SiteSeer Professional, including the installation of the latest version of Freeway, a third-party plugin by partner Applied Spatial Technology. Freeway provides the calculations behind the drive-time trade area boundaries you see in SiteSeer.

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Topics: Retail Trade Area, Site Selection Software, Analyzing Retail Sites

5 Factors That Drive Traffic to Your Shopping Center

Posted by Lance Blick on Apr 15, 2019 8:35:00 AM

If you’re a shopping center owner or a marketer for a shopping center, one of the most important investments of your time is to understand what your shoppers and area consumers think about your center.

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Topics: Retail Trade Area, Recruiting Shopping Center Tenants, Void Analysis, Retail Industry

Understanding How Retailers Define Retail Trade Areas

Posted by Lance Blick on Mar 16, 2018 4:57:00 AM

If your town is large enough to have an economic development council, that council is probably tasked with analyzing your market in order to attract businesses and retailers to the community. To do this effectively, one of the very first steps you should take is to define your town’s trade area.

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Topics: Smart Retail Growth, Retail Trade Area, Retail Industry, Market Potential

Why Investing in Site Selection is Critical to Your Business

Posted by Lance Blick on Sep 5, 2017 5:35:00 AM

When you’re opening a new business or expanding an existing one, there are a lot of decisions to make, but perhaps none is more important than choosing the right location. A bad location could mean the difference between success and failure and a mediocre location could mean you’re leaving thousands—or even millions—of dollars on the table every week.

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Topics: Retail Data Analysis, Retail Trade Area, Retail Industry, Franchise & Services Industry, Retail Site Selection

4 Tips to Backfill Your Shopping Center When an Anchor Tenant Closes

Posted by Lance Blick on Jun 15, 2017 8:00:00 AM

As a developer, property owner, or commercial real estate broker, your goal is to have the lowest vacancy rates in your shopping centers as possible. Sometimes that’s easy, other times not so much. But in the ever-changing retail market, what about when a shopping center loses an anchor tenant that was the main attraction for the entire shopping center? What is the best way to attract a replacement tenant that will prevent smaller retailers in the center from experiencing a significant decline in business or choose to leave?

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Topics: Retail Trade Area, Recruiting Shopping Center Tenants, Void Analysis, Demographic Data, Landlord Rep Brokers & Owners Industry, Tenant Rep Brokers & Developers Industry

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