Commercial Real Estate

GIS technology gives you the tools to evaluate and analyze key factors when siting restaurants, stores, warehouses, and corporate offices such as

• Proximity to suitable customers
• Location of potential competitors
• Crime rates
• Transportation infrastructure
• Regional labor pool characteristics
• Environmental risk factors (i.e., flood plains, toxic sites, and others)

Real Estate Investment Trusts (REITs) can gain a competitive edge over traditional investments by using GIS to quantifying the investment potential of portfolios. GIS technology makes it possible to show properties in the context of potential customers/tenants, nearness to competitors, inventories of like property, labor pools, and risk factors.

GIS by ESRI

ESRI Business Analyst has all the data and functionality you need to begin sophisticated GIS–based real estate analysis.

Business Analyst can be used with ArcGIS extensions such as

• ArcGIS Spatial Analyst, which can be used to create continuous surfaces representing demand and constraints upon that demand.
• ArcGIS 3D Analyst, which can be used to graphically represent multiple dimensions of data such as available office square footage in relation to the surrounding labor pool.

Case Studies

Edens & Avant—Using GIS to meet lessor's needs [PDF]

South Bend Small Business Development Center—Identifying the Best Sites - Quickly and Accurately [PDF]

Articles

Applying Geographically Weighted Regression—ArcUser, Spring 2009

Real Estate Experts Stay Informed Through Web GIS—ArcNews, Spring 2007

Posthurricane Population Changes Revealed in 2006/2011 Demographic Data—ArcNews, Summer 2006

In Texas, the Greater Fort Bend Economic Development Council Helps Businesses Develop Sites, Relocate and Expand with GIS—ArcNews, Spring 2005