CENTRAL PLACE THEORY: Why Don't We Have A Cheesecake Factory?

Commercial Real Estate Broker's know that you wonder why certain businesses, like the beloved Cheesecake Factory, haven't set up shop in your town? Why do they know? Because you keep asking! In this episode of "Commercially Speaking," Bo Barron, CCIM dives into one of the most frequently asked questions he encounters as a Commercial Real Estate Broker. The answer? The Central Place Theory.

Bo breaks down this complex concept into three easily digestible pillars:

Threshold Population: The minimum number of people needed to support a business. Higher vs Lower Order Goods: The difference between luxury items and essentials. Target Area: The specific region a business aims to serve. But that's not all! As with every episode, Bo quizzes Timmy at the end to see if his ADHD brain caught any of it! Can you beat Timmy's score? I bet you can't

Join us for an enlightening journey into the world of Commercial Real Estate, where we demystify the decisions behind business locations and answer the burning question: Why don't we have a Cheesecake Factory?

⏰Time Code⏰ 00:00 - Start 02:00 - Central Place Theory 04:11 - Threshold Population 11:24 - Higher vs Lower Order Goods 23:04 - Trade Area 31:33 - SAG-AFTRA’s Strike 34:15 - ZOMBIE MALLS 38:29 - Pop Quiz

📒Show Notes📒

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Bo is the owner and operator of Barron Commercial Group in Owensboro, KY servicing the Western KY and surrounding markets. For all CRE inquiries visit http://www.barroncommercial.com

Timmy is an actor, comedian, writer and host. You can follow him pretty much everywhere @timmyhartbarron