Making site assessment for Try Market Halls less of a trial.
Assessing sites for a new regional market hall across York, Leeds, Barnsley and Liverpool, utilising our relationship-building experience in the retail sector.
The informative, in-depth viability studies assisted the board in deciding the location for the market hall.
“David and Independent Life did a thorough development piece of market intelligence for Market Halls evaluating the viability of Stonebow House in York.”
Steve Ford, Construction Director
DEVELOPED market insight reports for each location by conducting desk research to understand audience demand and competitors
REVIEWED the trading profiles to provide on-the-ground evidence to inform the decision to go ahead with a market hall. Looked at two main areas, footfall and trading levels of independent restaurants.
FACILITATED footfall counts across the trading day. Also conducted targeted footfall counts around the subject property to assess current patterns and consider future potential in the wider city context once the market hall opens. This data, coupled with the trading profiles, illustrated each area’s potential.
PROVED viability, gained trading details to show that existing businesses take over £450,000 p/a, £9,000 a week. Chose a mix of cuisines, price points and locations to provide the necessary field data.