Topic: Market survey best practice and how to for commercial locals to lease.
Looking to start a discussion on best practices and methods when doing your market surveys. 

Before listing or during your marketing process how do you survey the market so you can target tenants effectively. If you have any tips or advice to share that would be great. 


I'm starting to build database on business owners by type and location so I can old call new prospects. Now I have to narrow down my target audience and I think I need help to better understand the markets and market profile my properties are in so I can find best matches...


Cheers
[{"id": "gs27x4d", "text": "What sort of space? Class B industrial will look different than class A medical office.", "replies": [{"id": "gs2dll8", "text": "Currently I'm focusing in the retail and office space. Typically class b street level one or two floor buildings", "replies": [], "depth": 2}], "depth": 1}, {"id": "gs298k4", "text": "The best practice is to just go down the street and call anybody and everybody. You should probably have a specific asset type, but it sounds like you\u2019re just starting out. The market is just a collective of individuals, if you want to know what\u2019s happening then go find out and take good notes.", "replies": [{"id": "gs2fu5z", "text": "I'm actually focused in sales but the owners of these buildings want me to do the leasing for them. I'm strong enough in the sense that I can draft an offer well enough to protect the parties interest or pass it off to the lawyers for the lease negotiations. \n\nTrying to find ways of what businesses  should be prospected since I managed to build a database of business types and locations", "replies": [{"id": "gs2h5gs", "text": "Are you targeting local mom and pop operations or national chains?\n\nAre you going to chamber events?\n\nhow is YOUR local network?", "replies": [{"id": "gs2qwsc", "text": "Mom and pop owners for sure. I've sent out emails and calls to some national banners. I have different size space ranging from 1,000 to 32,000 square feet so my network is quite robust", "replies": [{"id": "gs2rjtc", "text": "Signs, lunches, and chamber meetings will provide the best ROI for the under 10k locally\nFocused space like that.", "replies": [{"id": "gs34obg", "text": "Lunches? Lunch meetings or social networking\nWith who more precisely. I like that type of networking\n\nEdit. Just realized I was talking about my robust network. Little brain drain.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "gs3ijr7", "text": "I have a good database of commercial property owners but that's a whole other market almost entirely. \n\nI'm building up a database of business owners. I have thousands to sift through before I pick and choose who to network with", "replies": [], "depth": 4}], "depth": 3}, {"id": "gs3899w", "text": "Are you taking an additional fee for the leasing work you\u2019re doing", "replies": [{"id": "gs3i8fy", "text": "Yes sir. Whole other mandate.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "gs4naiq", "text": "Collect tenants info by NAICS code and work each industry at a time. That\u2019s how I separate them.", "replies": [{"id": "gs4rq47", "text": "Now that's what I'm talking about. This will be a great help to me. \n\nDo you go as far as grouping by industry  and subsectors or just the NAIC code?", "replies": [{"id": "gs90je7", "text": "I break it down slightly some more than others as each layer doesn\u2019t line up perfectly with tenants I look for. If you look through the chart of it you can get a good idea of how to build your own for the properties / tenants in your area", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]