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Commercial Land Use Marketability Studies

 

We assess and identify market supported demand for commercial land uses at a municipal level, neighbourhood level as well as at a specific site. These studies are desired by local governments, public sector agencies as well as commercial developers. Specific components include:

 

  • Economic base analyses

  • Site/area assessment

  • Demographic and socio-economic analyses

  • Income and expenditure potential assessment

  • Competitive supply assessment

  • Assessment of local sales productivity

  • Commercial land use demand and market share analysis

  • Proposed development program and potential phasing plan

  • Probable absorption rates, timing, and general characteristics

  • Other market-driven development recommendations and implementation strategies

  • Provide the market-based rationale for subsequent financial feasibility studies

 

Some of our recent studies include:

Brentwood Town Centre Site - Commercial Market Study

Burnaby, BC (2013)

  • Undertook an office and retail market assessment for the redevelopment of a 12.6 acre transit-oriented site

  • Employed three methodologies as a means of better testing the demand for future office space

  • Identified a mix of retailers not presently served within the vicinity of the site, with the goal to develop a unique shopping experience that complements and is complemented by the major retail operations nearby

  • Recommended a multi-phased development program and provided preferred space allotments and tenants

Cochrane Land Use Market Study

Cochrane, AB (2011)

  • A detailed land use and market analysis for a 540 acre site within Cochrane Alberta

  • Identified the level of market opportunity for a variety of land uses including retail, office, seniors’ assisted living facility, hotel and light industrial

  • The study found:

    • Greater demand for cleaner, knowledge based employment, instead of traditional manufacturing

    • Strong support for home based employment opportunities in new developments 

    • Greater need for more efficient usage of land and achieving higher densities in the new developments

Prospect Village Development Area Market Study and Analysis

Kansas City, Missouri (2013)

  • The study was undertaken for an approximately 25 acre site, situated in a neighbourhood that has historically been underserved.

  • Assessed demand for retail, office, institutional (health care uses), entertainment, and residential land uses

  • Provided a recommended retail tenant mix, which included a mix of national/international tenants

  • ​Provided a description of the recommended retail orientation (entertainment and life-styles uses)

  • Outlined potential strategies for revitalizing the district

North East Urban Expansion Area Regional Commercial Market Study

Swift Current, SK (2013)

The study assessed the rapidly expanding population and economic base of the City and identified market support for:

  • Retail uses

  • Residential (single- and multi-family) uses

  • Office/business park

  • Hotel/motel

  • Institutional land uses

 

Long-term Land-use and Market Analysis

Abbotsford, BC (2011)

The study assessed the long-term land use opportunities for the University of the Fraser Valley's U District Area in Abbotsford. The study period extended to 2041, and assessed warranted demand for:

  • Industrial uses

  • Commercial uses

  • Residential uses

  • Hotel

 

Business Attraction & Marketing Strategy

Stony Plain, AB (2008)

The study included a series of market feasibility analyses for identifying commercial /industrial development opportunities. The study also recommneded strategies for:

  • Increasing economic opportunities

  • Attracting businesses to its commercial and light industrial sectors

 

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