Evaluating a Good Commercial Real Estate Site....

To find a good commercial real estate site there are several areas to think about before purchasing land. The first step is to find the best locations available in the market and compare the different locations. Second, figure out why that location might not have worked for the existing business (if there was one on that site) and discuss how you can reduce your risk in that location. Third, gather all your information together, including; demographics, customer information, business plans, site information and features- accessibility, visibility, etc. Finally, take all your information and evaluate it to determine if the location you are considering is the right one. Some questions to consider might be:

1. Who are my customers?
2. Where do my current and future customers live and work?
3. Why are they buying my product or service?
4. What is the business and retail activity in this area?
5. Is this location easy to access?
6. How much traffic is there in this area?
7. What competition will I face here?
8. Will my business be visible in this location?
9. Are there any barriers I must overcome in this location, business, or with this type of customer, etc?

For more information on site planning, selection, or acquisition, contact Dennis Blind of DREI group at 918-812-2339 or www.dreigroup.com.

For all your commercial real estate needs in the Tulsa, Oklahoma area, contact Darryl Baskin, McGraw Realtors at 918-258-2600 or www.darrylbaskin.com.