July 10th, 2017 by
Xceligent and IdealSpot Form Strategic Partnership
Will provide commercial real estate retail sector with unique and powerful combination of research, technology and location-based analytics
New York, NY July 10, 2017– Xceligent continues to expand the offerings of integrated workflow solutions within its open and collaborative commercial real estate ecosystem with the strategic partnership with IdealSpot, a revolutionary location-based retail demand analytics platform based in Austin, TX.
The business environment for the retail real estate sector is more dynamic, fast paced and challenging than ever, and those with more relevant and accurate data will be better positioned to expand and win market share.
IdealSpot curates, models, and visualizes the best retail datasets to provide the most thorough, balanced, and actionable insights into local retail markets—across the US. For example: signaled purchase intent on Search and Social platforms, the most up-to-date demographics, spending by retail category, psychographics, market risk, GDP by block group, landscape segmentation, day-parted traffic counts, and competitive mapping.
This integration will allow for users of Xceligent’s platform to access a new Retail Insight’s section, where IdealSpot will provide actionable data including: demographics, top retail business counts, most demanded retail categories, and the most unmet demand by retail category within a 5-minute drive-time from any address or radius.
Coming on the heels of Xceligent’s recently announced integration with lease comp aggregator CompStak, the partnership with IdealSpot continues Xceligent’s pledge to bring an open and collaborative research platform to all of commercial real estate including the: tenants, owners, developers, investors, brokers, and financiers.
“We’re reaching an inflection point in the commercial real estate industry where professionals are no longer willing to sift through the fragmented, yet highly innovative technologies hitting the CRE market.” Said Doug Curry, Founder and CEO of Xceligent. “We’re dedicated to the concept that an open platform integrating proactive research with third-party workflow tools allows greater efficiency and promotes innovation in this sector. Our partnership with IdealSpot will provide users with a unique offering currently unavailable in the marketplace.”
IdealSpot users will now be able to zero in on their ideal location(s) by first finding the largest pockets of unmet demand for their product or service, and then matching those “areas” to Xceligent’s proactively researched commercial real estate availability data to find their best market opportunities (or market void(s) if they are a developer/investor).
“Every location has an ideal business, and every business has an ideal location. IdealSpot, along with our new partnership with Xceligent, is helping to put together the ideal puzzle of brick and mortar retail”, said Marc Smookler, founder and CEO of IdealSpot. “Whether you are the business trying to find where you will get the biggest ROI, or you are the commercial real estate developer/investor, or the broker connecting all parties, mapping local demand to current opportunities (availability) in market is finally marrying supply and demand together for a total view of what is actually happening in a local retail market.”
The IdealSpot integration will be a part of Xceligent’s forthcoming “Xceligent Professional” platform scheduled for release later this year.
For more information about Xceligent, please visit www.xceligent.com. For more information about IdealSpot, please visit www.idealspot.com.
About Xceligent Xceligent is commercial real estate’s partner for commercial real estate information, technology, and market analytics, enabling industry professionals to optimize their business operations by tapping into a trusted collection of listing intelligence, marketing tools, sales comps and research. Xceligent recently launched an aggressive national expansion that will provide researched information in the largest United States markets. For more information, please visit www.xceligent.com.
IdealSpot helps brick and mortar businesses find their ideal locations using better data. For instance, when and where are people signaling that they actually want or need what a business is selling. IdealSpot answers this question by capturing signaled purchase intent and mapping it against traditional datasets like: local demographics, the movement and spending patterns of the local populace, current competitors in market, and commercial real estate availability to help everyone in commercial real estate better understand local retail markets.