Center for Community and Economic Development

CCED » Downtowns » Dma
Downtown and Business District Market Analysis: Using Market Data and Geographic Information Systems to Identify Economic Opportunities in Small Cities

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Contents

Introduction / Getting Started

Part I: Understanding Market Conditions

  1. Creating a Building and Business Inventory
  2. Surveying Business Operators
  3. Analyzing Your Business Mix
  4. Analyzing Your Trade Area
  5. Analyzing Local Economics
  6. Analyzing Customer Demographics and Lifestyles
  7. Focus Groups
  8. Conducting Consumer Surveys

Part II: Identifying Market Opportunities by Sector

  1. Evaluating Retail Opportunities
  2. Evaluating Service Business Opportunities
  3. Evaluating Restaurant Opportunities
  4. Evaluating Theater Opportunities
  5. Evaluating Residential Opportunities
  6. Evaluating Office Market Opportunities
  7. Evaluating Lodging Opportunities

Part III: Drawing Conclusions and Developing Recommendations

  1. Business Retention and Expansion
  2. Niche Recommendations
  3. Space Utilization
  4. Marketing Plan
  5. Business Recruitment Recommendations

Data Links

Industry Links

Market Analysis Examples

First Impressions Program

 

 

Wisconsin MainsStreet
This toolbox was developed as a cooperative effort between the Wisconsin Main Street Program and the University of Wisconsin-Extension

UW-Extension

Main Street National  Trust for Historic Preservation logo
This toolbox is based on and supportive of the economic restructuring principles of the National Trust for Historic Preservation's National Main Street Center

 

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