BSM
Consulting offers consulting products and services aimed
at providing the best possible data pertaining to site selection,
tenant selection, market strategy, or any related field
tailored to an organization’s specific goals, objectives,
and strategies. The following tools allow our clients to
better understand their potential and existing markets,
as well as identify and address any potential and existing
competition.
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Mapping:
This allows the client to easily view the best and worst
locations from a standpoint of almost any variable. Quickly
determining where a company’s target customers are
located within a market will save time and expense of manually
driving a market or contracting a broker to provide this
information. All maps are easy to read and can be tailored
to fit individual clients’ preferences, such as coloration,
items shown, scope, and size.
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Aerial Photography:
Viewing actual pictures of a potential location gives a
more realistic analysis of a market as opposed to a map
of the same region. Both are typically used in conjunction
with one another in providing a digital and representative
image of the market. We offer recent, high-resolution, color
aerial photography of almost every U.S. metropolitan area
and black/white versions of those regions not covered in
color.
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Demographic/Psychographic Reports:
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Market snapshot
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Complete
market
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In-depth
sub-market
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Multiple
markets
All
reports and maps can include the following variables: income
(per capita, median household, average household, projected,
disposable), historical growth, projected growth, education
level, MOSAIC lifestyle, consumer expenditure, specific
consumer purchase/habit, population density, ethnicity,
age breakdown, housing status, employment by industry, marital
status, and others.
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Demand Gap Analysis:
This
unique report comes in the form of a comprehensive spreadsheet
and lists every retailer in the region, whether or not the
retailer has the presence in the market, and based upon
the individual retailer’s market strategy, whether
or not the retailer would be a good fit for a particular
site or market. This highly complex, yet easy-to-understand
report is highly valuable in its ability to quickly confirm
which tenants would or would not be plausible fits for a
certain locale.
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Market Reports:
BSM Consulting offers many different types of written retail
reports tailored specifically to an individual retailer’s
genre or market strategy. These reports are available on
the state, regional, metropolitan, city, or submarket level.
The report gives an in-depth look at many different aspects
of the market, including growth and income trends, up and
coming residential and commercial areas, population shifts,
key retail nodes and corridors, overall retail climate,
and proposed major residential, commercial, and industrial
developments. This analysis gives the client a chance to
receive a personally-prepared document which includes only
the aspects deemed relevant by the client.
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Intelligent Location Analysis:
BSM Consulting provides a higher level of demographic and
psychographic analysis, which we call intelligent location
analysis. This approach combines proven GIS-based techniques
with the overall market knowledge of our consultant to put
forth a complete market or site analysis which does not
simply utilize a logarithmic formula to calculate the “supposed”
optimal location for a client. We offer numerous advanced
statistical techniques including multiple regression analysis,
market penetration analysis, market capturization analysis,
lifestyle group breakdown, store productivity analysis,
sales forecasting analysis, and target lifestyle group analysis.
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