Research & Pricing Trends

Thoroughly research all possibilities.

A key step in the real estate selection process is research. You will not be able to effectively compare the alternatives without accurate and comprehensive data. Below are examples of the types of information you may need. Your industrial realtor should be able to help you acquire some of this information.

  • Local and regional demographics (population, unemployment rate, household income)
  • Labor availability and skill level
  • Wage rates
  • State and local incentives
  • Tax rates
  • Proximity to customers, suppliers, and competitors
  • Employee commute times
  • Nearby restaurants and amenities

Many times data is best evaluated on a map.

Many industrial site selectors use Geographic Information System (GIS) mapping technology to make data about a site meaningful. Using GIS mapping can expose hidden relationships and patterns in your data that are impossible to see in a spreadsheet. Displaying data on a map will not only paint a clearer picture of your options, it will reveal options that you did not even know existed.

Determine the current market rate for your property type, size, and location.
Negotiations of lease rates, including tenant allowances, or sale prices are driven by current market conditions. You will need to compare your real estate costs to the market in order to set your expectations.
Your industrial realtor should be able to give you a good feel for what the current market temperature is. Miller-Valentine Group Realty Services prepares an industrial market report for the Dayton, Ohio region each year. You can download a summary of the report here. If you are interested in receiving a copy of the full report please contact us.
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