Market Delineation
Definition of "Market delineation"
Method pf determining the geographic extent of a market for a given commercial property. This will determine the suitability of locating a specific commercial property in a certain area. For example, a market delineation study determined that placing a retail department store will allow it to draw from a surrounding area with a range of up to 35 miles.
Popular Real Estate Terms
Maybe you’re studying for your real estate exam, or you heard the word from your real estate agent and didn’t know what it means. Whichever your reason, we’ll go ahead and ...
An official indicating intensity of land use in a zoned urban area. ...
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
Small piece of carpet often placed under a door or at an entrance to a doorway. ...
The rate, usually expressed annually, charged on money borrowed or lent. The interest rate may be variable or fixed. The higher the risk, the higher the interest rate. Mortgage interest ...
payment of a debt before its due such as a mortgage payment or insurance premiums. ...
In everyday discourse, the term specifications describe various properties and features. They can be attributed to products, services, objects, and industries, such as real estate. What do ...
The geographic moving of an individual from one region to another usually because of a change in employment. Relocation normally involves the complete moving of the individual's ...
The term agricultural property means a type of land that has been designed or is permitted to engage in agricultural activities. Also referred to as agricultural land, agricultural ...
Comments for Market Delineation
I am confused, isn't market Delineation same as segmentation?
Aug 30, 2020 11:20:57Hey, Leni! As defined in the glossary, market delineation is a process used to determine the geographical extent of the demand for a specific property. For example, the construction of a new shopping center is more likely to draw shoppers from three counties around the area, and this represents the market delineation. On the other hand, Market segmentation is the process of dividing the market and place potential customers into groups. Market delineation determines the reach of a certain business through geographic measurements while segmentation classifies potential buyers into groups. Using the same example with the new shopping center, a market segmentation would determine the average age of the shoppers, or determine which groups are more inclined to come to the shopping center based on social status.
Sep 07, 2020 10:58:43Who does the delineation of a vacant land for sale?
Jun 13, 2019 08:00:45Hello, Manuel! This sounds like something performed by a land surveyor. Please get in touch with any real estate agents in Miramar FL to find an exact answer and to list your vacant land for sale.
Jun 13, 2019 13:11:21Have a question or comment?
We're here to help.