Property Researcher
5 days ago
- Jobs by Location
- Job by industries
- To conduct research and analyse commercial real estate related to Pick n Pay Retailers properties including the maintenance and update of the company's property and store related data for store feasibility research and to report to the broader business.
Minimum Requirements
- Graduate of Business-related courses; Urban Studies/Town Planning; or Quantitative Analytics / Operational Research / Industrial Engineering / Applied Mathematics
- 1-2 yrs. Experience in Property Research Reporting and Analytics
- Experience with database management
- Knowledge of the broader South African retail landscape.
- Computer skills (Word and Excel Advance)
Competencies
- Excellent presentation skills and ability to write research reports
- Market Research and Analytical skills
- Exceptional problem-solving and investigative skills
- Good attention to detail.
- Good oral and written communication skills.
- Negotiation and Contract Knowledge
- Good interpersonal skills to be applied with confidence at the highest levels in business.
- Ability to thrive at work under pressure.
- Combined ability to work as a team but also dependently without supervision
Knowledge
- Proficiency in data analysis tools and statistical applications
- Commercial Real Estate Knowledge
- A background in geography and experience working with spatial data with competencies especially in Google Earth but also GIS platforms such as QGIS/ArcView
- Experience with database management
Key Responsibilities
- Retail Market Analysis:
- Demand and Supply Analysis: Research trends in retail demand, the supply of retail spaces, and vacancy rates in different geographic locations.
- Foot Traffic and Demographics: Analyzing consumer behavior patterns, foot traffic data, and demographics around potential retail locations to identify the best places to open new stores or expand.
- Competition and Market Trends: Keeping track of the competition, new market entrants, and the retail industry’s evolving trends, such as e-commerce impacts, omni-channel strategies, and shifts in consumer preferences.
- Site Selection and Feasibility Studies:
- Identifying Locations: Helping retailers identify the ideal locations for new stores based on market trends, demographics, and local economic conditions.
- Evaluating Accessibility: Assessing transportation, parking, and visibility factors that make a retail location attractive to customers.
- Lease and Rental Analysis: Researching current lease rates, rental terms, and incentives for retail properties to determine financial feasibility.
- Consumer Behavior Insights:
- Retail Footprint Assessment: Analyzing existing retail footprints and how well they align with changing customer expectations (e.g., proximity to transit hubs or specific neighborhoods).
- E-commerce Integration: Identifying ways to integrate brick-and-mortar stores with e-commerce channels (e.g., click-and-collect services, pop-up stores).
- Retail Property Valuations and Investment Analysis:
- Assessing Retail Property Value: Determining the value of retail properties by analyzing factors like foot traffic, sales data, location, and lease terms.
- Investment Recommendations: Providing retail investors with data-driven insights on high-growth retail markets, potential risks, and returns.
- Market Reports and Presentations:
- Retail Market Reports: Creating comprehensive reports on retail market trends, regional data, and forecasting future retail market dynamics.
- Presenting Data: Compiling detailed presentations on market conditions, site selection options, and competitive landscapes for retail clients or investment teams.
- Lease and Contract Research:
- Retail Lease Terms: Researching local regulations and specific lease contracts that are common in retail real estate, such as rent escalations, common area maintenance (CAM) fees, and exclusivity clauses.
- Legal and Regulatory Aspects: Investigating zoning laws, permitted use regulations, and any restrictions that could affect the use of retail space.
- Technology and Tools in Retail Property Research:
- Data Analytics Software: Utilizing GIS tools, retail site selection software, and demographic databases (like ESRI, Nielsen, and Placer.ai) to gather relevant data.
- Retail Property Databases: Using platforms like CoStar or LoopNet to access property listings, lease terms, and historical performance data.
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