«

»

Aug 03 2010

Labor Issues Affect Location Decisions | The Corporate Real Estate Factor


In this article from LBx Journal, Wayne Gearey discusses:

  • The difference between retail and corporate real estate assumptions when it comes to deciding on a location;
  • The profile of a location advisory professional;
  • Modeling of the business assumptions vs. mapping assumptions; and
  • Location strategy as a service, as a business model for follow-on services

INTRODUCTION:

LBx: How did you get into corporate real estate and come to be an expert in location advisory services?

Gearey: I have been advising companies in North America, Europe, and Asia on market analysis using spatial analytics for over 17 years. I am trained in both GIS and business process engineering, and this gives me a unique perspective on modeling key business assumptions.

LBx: What’s the difference between site selection and location advisory services?

Gearey: Site selection is generally used by retail, restaurants, and hotels and is narrowly defined. These industries are consumer-centric. They look for customer traffic. Location advisory services, on the other hand, encompass broader logistics that relate to successful corporate real estate investments. Corporate real estate is labor-centric. These are two very different business assumptions that must be addressed with separate methodologies.

read more at www.lbxjournal.com




About the author

CRE Editors

The Editors moderate this CRE blog and the Corporate Real Estate LinkedIn Group.