Identify key demographics for a brand or tenant using Tenant Finder in order to make informed decisions about site selection.
Understanding Brand Demographics with Tenant Finder:
-
Access Tenant Finder and input the desired brand or tenant name.
-
Navigate to the tenant match results section to view key demographics for the selected brand.
-
Review the median household income, median home value, average age, race/ethnicity, and gender demographics for the brand.
-
Make note of the ideal demographic brackets for the brand.
-
Utilize Map Explorer to create heatmaps based on the identified demographics.
-
Adjust the age range in the heatmap tool to match the ideal demographic bracket.
-
Analyze the heatmap to identify areas with a concentration of the target demographic.
-
Repeat the process for each demographic provided in the Tenant Finder report.
Notes:
-
Ensure that the brand or tenant name is accurately inputted to retrieve the correct demographic information.
-
Pay attention to the specific demographic brackets provided for the selected brand to make informed decisions.
Tips for Efficiency:
-
Take notes of the ideal demographic ranges for future reference.
-
Use heatmaps in Map Explorer to visually identify areas with a high concentration of the target demographic.
-
Reach out for assistance if there are any questions or uncertainties during the process.\
Step-by-Step Guide:
-
Accessing TenantFinder
-
Utilize TenantFinder to find key demographics for a brand or tenant.
-
Input the location or brand address to begin the search.
-
-
Viewing Tenant Match Results
-
TenantFinder provides a list of over forty-one thousand brands with key demographics.
-
Search for a specific brand, like Starbucks, to filter down the results.
-
-
Analyzing Key Demographics
-
In the row with your brand, scroll to the right and click on "View Score Report" to access key demographic brackets for the selected brand.
-
Key demographics include median household income, median home value, average age, race, ethnicity, and gender. There are indicated by the green brackets in the charts.
-
-
Utilizing Demographic Data
-
Make note of the ideal demographic ranges for the brand.
-
Use this data to select a suitable site for the brand based on demographics.
-
-
Mapping Demographics with Map Explorer
-
Navigate to Map Explorer to visualize the key demographic areas.
-
Use heatmaps to identify locations with the ideal demographic profile for the brand.
-
-
Customizing Demographic Filters
-
Adjust age groups and other demographic filters within heat maps, in Map Explorer to cover the full range of the ideal demographic.
-
Zoom out on the map to see the heat map develop and pinpoint key demographic areas.
-
-
Iterating the Process
-
Repeat the process for each demographic provided in the score report.
-
Use the data obtained to make informed decisions about site selection for the brand.
-