You’ve done the boots-on-the-ground market recon—now it’s time to organize all that golden intel into a proper market study. And no, scribbles in a notebook don’t count.
Start by building a simple Excel file. List your subject property at the top, then add nearby shopping centers in order of most competitive to least. Each column should reflect a key data point you collected: square footage, rent, occupancy, anchors, visibility, etc. And don’t forget a notes column—this is where you drop your side-by-side comparisons. For example: “Great parking, but less visible than subject property.”
Here’s the truth: Your first draft won’t be perfect. That’s okay! I go through at least 6 drafts when coaching rookies through their first real market study. You’ll refine and tighten your list as you go. Start broad, then narrow it down with every pass.
Market studies are living, breathing documents—and when done right, they’re your secret weapon in leasing negotiations. So organize your info, and let the data make you unstoppable.