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Featured Property: 7338 Williamson Road
FOR SALE - 18,000 cars pass this retail site daily. Visible to an additional 17,000 cars driving on the cross street. Currently configured 1/3rd retail and 2/3 warehouse, this building contains 9,110 square feet of potential retail space. Liberal C2 zoning permits a variety of uses and encourages high-volume sales. Metal building with tall, visible dryvit facade. Dock height door in rear to help you move inventory in and out quickly. Get ready for your sales to explode.
Call Bryan or Richard for more information.
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Poll: What Type of Retailers Do We Need?
How our market stacks up: Part 3
Once retailers deem the population and total available dollars in a region sufficient, they will conduct a "gap analysis". A gap analysis determines the difference between demand and supply for a particular product category in a given market.
A "gap" of zero means that supply and demand are in balance, and that consumers are not having to go outside the region to purchase the particular product or service. It also means that no further supply of the product (in the form of additional retailers) is warranted. Expressed in dollars, a "negative gap" indicates that demand is not sufficient to continue to support the current supply. In this scenario retailers need to draw money from outside the region or they will struggle. Conversely, a "positive gap" indicates that demand is not being met and that an opportunity may exist for additional retailers.
So here's your chance to test your knowledge of the Roanoke MSA. What types of retailers do you think Roanoke needs most? Participate in this poll to let us know where YOU think demand most exceeds supply. Next week we will compare your answers to what the statistical data say.
Click Here to take our poll. Feel free to forward this link to your friends - the more responses the better. |
