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| Crye-Leike Commercial's site selection process is designed to insure the long-term
viability of the site through its life cycle. Over the years, we have represented all
manner of businesses looking for sites, including restaurants, corporations looking for
offices, industrial users, retailers and hotel developers. We begin all site selection opportunities by gaining a complete understanding of the client's business needs and objectives. In working with the client, we are able to assist in determining whether the client wants to lease or purchase a site and what type budget the client has to work with. From there, a thorough site selection process begins that considers all pertinent site selection factors and anticipated needs. We utilize extensive market research, including demographic research on population, incomes, age groups, workforce, labor availability, consumer expenditures, cost of living and housing, for example. A gap analysis can also be prepared for the client to see where within a specific market area the client's business would have the best chance of success. Once the market research has been completed, a complete market survey of available properties that closely meets the client's criteria is prepared for the client. This process involves analyzing a wealth of market information, including sales and/or lease comparables and a competition study. The survey is enhanced by inclusion of other detailed information on factors such as market trends, vacancy rates, lease rate trends and construction activity. With the client's approval, Requests for Proposal (RFPs) are submitted on the client's behalf and property tours are conducted with representatives of the company. Crye-Leike is then prepared to work with the client to negotiate the best deal possible and proceed through finalization of a sale or lease. |
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