eLocations.com is the world’s first & most powerful retail property marketplace to empower retail brands, property owners and real estate brokers with data & analysis to speed up intelligent decision making.
Retailers all over the world aspire to find the best suitable and affordable retail spaces. However, real estate is a localized business and the information available is not uniformed or comparable in any way. Especially retail companies that pursue international expansion strategies are facing obstacles in getting suitable information when entering into new markets. Retail brokerage transactions involve information that is scattered and asymmetrical, requiring time-intensive research and cost on the part of retailers. Real estate investors may pass over opportunities due to a lack of verifiable and trustworthy information.
The eLocations solution is to bring together supply and demand via the Internet as well as to provide tenants, landlords, investors and brokers with a technology-based service offering which combines worldwide rich market intelligence together with brokerage services assistance. Actually, there is no other global website existing, where brokers can advertise their listings for sale or for rent in prime locations and shopping centers and vice versa, where retailer or investors can find (existing or new) shops and properties. The web-based service enables our customers efficient monitoring and assessment of (potential) retail locations around the globe. The technology is based on Open Street Maps, allowing the client to zoom to street level in order to visit a specific area. With this innovative technology eLocations.com will capitalize on tremendous inefficiencies in the retail real estate market.
With respect to gathering and providing data the competitive analysis shows a consistent picture; all potential competitors are offering online services, but only a few have a regional focus on retail; there are some local players or those covering certain geographic areas such as USA or UK but none of them act on an international basis. However, a different picture emerges when analyzing the markets of transaction services and brokerage; some of them such as CBRE, Colliers, Cushman & Wakefield or JLL have a global footprint in commercial real estate. However, they do not focus only on retail properties nor do they represent the market completely. In any case, we don’t view local and international brokers as competitors but rather as potential partners as we help them find attractive leads with retailers originated from the eLocations.com marketplace. Within a few months of operations, it was clearly demonstrated that the majority of the new user registrations for the Shop Opening News section came from brokers and retailers all around the world.