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

ArcView Business Analyst is a customized version of ArcView GIS that requires no previous knowledge of GIS. All the data and functionality you need to begin sophisticated GIS– based real estate analysis are included with ArcView Business Analyst.

ArcView Business Analyst can be used with ArcView GIS extensions such as

• ArcView Spatial Analyst, which can be used to create continuous surfaces representing demand and constraints upon that demand.
• ArcView 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

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

Articles

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