Consumer Behavior Analytics
Draft
Prepared for:
EAST LANSING, MICHIGAN MARKET STUDY
August 15, 2013
LandlordMarket Analysis
DraftTABLE OF CONTENTS
I. Executive Summary
II. Demographic & Employment Data Trade Area details – 2013 Estimates and 2018 Projections
III. Retail Market Power Trade Area Consumer Spending and Retail Sales by Store Type – 2013 Estimates
IV. Household Segmentation Prizm NE Segmentation (2012) - Household Prizm - Workplace Population - Lifestyler Report for dominant segments - Social Groups - Lifestage Groups
V. Retailer Rankings Retailers, Grocers and Restaurants – Listing for largest segments
VI. Target Segment Report Segments 1 – 35 Retail, Restaurant & Leisure Ranking
VII. Profile Ranking Report Profile comparison for “Go To Museum, 1yr”
VIII. Appendix - Listing of retail businesses in 5-mile radius - Prizm Descriptions 1-66 Consumer Behavior Analytics
EAST LANSING, MI MARKET STUDY
Introduction The CBRE real estate team for East Lansing, MI requested this market study and analysis of consumer Draftpreferences with a focus on retail. East Lansing, Michigan is located adjacent to the state capitol of Lansing and is home to Michigan State University. This study examines two market areas consisting of a Primary and Secondary Trade Area. The Primary Trade Area (PTA) reflects approximate boundaries of the city of East Lansing. The Secondary Trade Area (STA) consists of a specific market area that encompasses the geography from which retail customers are expected to travel further and potentially less frequently to reach the PTA. The following map outlines the boundaries of each market area for this analysis. Our objective is to provide guidance in identifying potential retailers for this development based on the existing consumer demands and preferences. The accompanying report will provide a market area overview, retail trade analysis, and customer analysis. This study will detail information about the consumers of the area and more specifically the lifestyle and retailer preferences of the resident and workplace population. Finding suitable retail options for the residents of these market areas that are specific to the lifestyles of these households should provide retail areas that will give the residents and workplace population the diversity of goods and services that they demand and will benefit the neighborhood and greater community.
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