Location risk is out of a property owner's control.
Measurability of location risk helps commoditize real estate, turn it into a financial instrument, and multiply CRE growth potential.
Over the next few years location data feeds will likely become a benchmark for $1T+ market of commoditized CRE transactions.
"When Wall Street took on real estate in the form of REITs and CMBSs in the early 1990s, real estate had to commoditize what it built"
C. Leinberger, The Standard Real Estate Product Types
Fortune-listed bank checked and approved new locations using the location scores by Habidatum. The bank closed $100 000 000 worth of loans.
We structure raw data from trusted data providers into location scores. The location scores measure assets' locations and their catchment areas. The scores are based on the diversity of business activities, the volume of visits and spending, and transport accessibility.
To guide investment decisions, location risk data that feeds financial benchmarks needs to be accurate. Habidatum's state-of-the-art automated data quality control system improves data accuracy.
Habidatum provides historical, present, and forward-looking market-tested data feeds
Location risk score
Rank of a location's commercial potential relative to other locations in a selected geography considering its centrality and catchment area.
Effective accessibility: area, accessible from a selected location in a given time, configurable by travel mode and time range in minutes.
Number of people in a selected location at a given time (hourly, daily, during peak hours).
Nodes of business diversity
Number of unique business categories available per sq ft / per capita by square grid.
Integral metric that describes location's visits and business diversity, measured by clusters.
Dwell time / stay vs. transit
Time spent in a given location: visitor groups ratio defined by the duration of stay in minutes.
Transactions dynamics – volume and amount of retail transactions in a given location at a given time divided by categories and merchant type, daily and hourly.
Origin / Destination
Number of unique trips from/to a given location by day of week or by hour.
Parks and green areas within pedestrian accessibility: sq ft of greenery / min of walking.