Using property data to detect pivotal transitions in real estate and land investments, our proptech solution generates insights highlighting strategic growth opportunities. These insights empower clients to make informed decisions about the transformations occurring in residential housing development.
Webinar: Locating Growth Markets for Broadband Expansion
March 19, 2024 at 11 AM ET
Historically, finding new growth areas using location intelligence and analytics required parsing through data on demographic projections or vehicular traffic patterns to indicate where growth would occur. Not anymore. By pairing traditional data with our location-based solutions, these indicators reveal the future of real estate development.
The first two indications of growth cannot be seen by satellite data. Rather, they represent transitional activities that occur before ground is even broken. If a real estate developer purchases land zoned as agricultural and then applies for rezoning to residential development, there is no physical change to the land. However, this change in land use designation can have far-reaching impacts.
CoreLogic takes these two leading indicators of growth — land classification change and alterations to the physical landscape — to generate patterns that help focus attention on regions where land development is likely — even up to 12 months before development occurs.
Did a real estate developer sell the land to a builder and did the builder create a plan to subdivide the land into parcels? If so, these two potentially simultaneous indicators can provide information that development is underway.
To further confirm upcoming development potential, new addresses may be assigned to each new property, which CoreLogic Location Intelligence Growth tracks and reports.
These two potentially simultaneous indicators provide information that development is underway. Did the real estate developer sell the land to a builder and did the builder create a plan to subdivide the land into parcels? If so, new addresses may be assigned to each new property.
Before construction begins, there needs to be a construction permit. Get alerts about real estate developers or builders permitting land for utility infrastructure to stay ahead of the competition that is recording the changes to land ownership and permitting to supply the telecommunications infrastructure.
Sales of new builds are no longer a lagging indicator; they are an indicator that surrounding properties are likely to be sold in rapid succession. Harness the power of this key insight with property data.
Whether you’re a wireless provider looking to install new cell sites to accommodate increasing data volumes and maintain service level agreements or you’re a commercial retailer assessing retail sites to support the growing population, knowing that sales are underway is a sign to consider a strategic investment today.
Telecommunication companies must be vigilant in pinpointing emerging growth areas to retain a competitive advantage and meet increasing demands in broadband connectivity. Unfortunately, traditional site location methods fall short of identifying where growth is likely to occur and lack essential data for informed infrastructure investments.
To overcome challenges associated with rapid technological advancements, increased connectivity demands, and constraining infrastructure deployment requirements, telcos must bridge the gap between outmoded methods and the growing need for proactive, data-driven decision-making. By leveraging key location-based data, the modern telecom industry can meet its demands while ensuring long-term competitiveness and customer satisfaction.
Teleco providers should be aware of areas that are slated for development to avoid overloading their networks by adding a new site or improve existing cellular and data coverage to maintain service level agreements. Similarly, telco companies are some of the first that that need to know if there is a need for additional infrastructure to efficiently allocate capital investments and acquire human resources to begin supporting a growing region.
CoreLogic’s Location Intelligence Growth leverages location-based data and property attributes to accurately identify areas with high growth potential and empower clients to to use business intelligence and make well-informed decisions as well as optimize their strategic investments.
Cities, municipalities, counties, and other regions are constantly undergoing change. This is often reflected in how land is acquired, developed, and improved. Our Growth solution offers valuable location data and information on evolving land. It also provides predictive modeling and data visualizations to assess the probability of new residential development.
Traditional site location methods frequently fall short due to their lack of essential data and leading indicators of growth. CoreLogic’s property data intelligence captures data in weekly or monthly increments to provide a near real-time assessment of a region’s growth potential.
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