Real Estate Search

After prioritizing your site requirements you are prepared to start evaluating potential sites. If you have already narrowed down the region you want to locate in, it is time to canvas the market for potential spaces/sites.

If your search is still broad, you will want to pull some regional demographics so that you can compare potential locations. There are multiple national, state, and regional sources that this information can be pulled from, as well as subscription-based databases. Your brokerage firm should be able to pull this information for you and run reports, saving you time doing this legwork yourself.

Some companies engage with regional or local economic development departments at this point. We would advise going through your real estate agent. This will give you more leverage when negotiating economic incentives once you have selected a site.


Don't make the mistake of trying to do it on your own.

There is no single source for all available properties and often times the information that is publicly available is incomplete, or in some cases completely inaccurate. An experienced local real estate agent who is familiar with the market will be able to give you a much more accurate picture of what is truly available. They should have access to subscription-based commercial real estate databases, such as CoStar and Xceligent. They will also have connections with local economic development organizations and relationships with other brokerage firms.

 

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