Market Analysis (DEMAND) | Using Site To Do Business

Dive deep into the world of commercial real estate (CRE) data analytics with Bo and Timmy in this fascinating episode of "Commercially Speaking." Discover how the powerful tool "Site To Do Business" can transform the way brokers and investors make decisions by providing detailed demographic analyses and visualizations.

What You'll Learn:

• Data-Driven Decisions: Watch as Bo demonstrates the vast capabilities of Site To Do Business, showcasing how to extract and interpret complex demographic data to uncover market trends and consumer behaviors.
• Demographic Cocktails: Learn from Bo as he guides Timmy through the creation of "demographic cocktails," a method of combining various data sets to reveal unique insights about specific locales. In a captivating case study, they explore Boulder, Colorado to identify where the most beer drinkers live and how beer consumption relates to income levels.
• Strategic Mapping: See how demographic information can be visually represented on maps, enhancing the ability to pinpoint and target specific markets for CRE investments and developments.
• Practical Applications: Understand the practical implications of these insights for real estate professionals. From selecting the optimal locations for new developments to identifying under-served markets, the episode highlights how to use data to drive profitability and reduce investment risks.

Join Bo and Timmy as they unveil the potential of Site To Do Business to arm CRE professionals with the data needed to make smarter, more informed decisions. Whether you're a seasoned investor or a newcomer to commercial real estate, this episode is packed with valuable insights that will help you leverage data for success in your ventures.

⏰Time Code⏰ 00:00:00 - Start 00:02:18 - Guess The Tune! 00:06:26 - Market Analysis Drawing coming up! 00:07:58 - Bo in NYC 00:11:47 - Don’t do this 00:17:01 - The Site To Do Business 00:18:29 - Demographics 00:19:08 - 2 types of geography 00:22:00 - Dublin (Limited data outside the US) 00:24:20 - The data on the people of Boulder, CO 00:26:30 - Executive Summary Report: The first to be pulled 00:34:51 - The Business Summary (2nd report to run) 00:38:50 - Psychographics 00:42:27 - Dorms to Diplomas 00:47:18 - Urban Chic 00:50:19 - Heat Maps 00:52:16 - Drank the most beer in the last 6 months? 00:55:52 - Wanna see something really really cool!? 01:06:15 - Quantifying Supply 01:07:55 - Pop Quiz 01:13:09 - Shoutouts!

📒Show Notes📒

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Bo is a CCIM Instructor and the owner and operator of Barron Commercial Group servicing Western KY and it's 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