Location

North Ridgeville, Ohio

IMPACT

The North Ridgeville Market Analysis is the beginning step in creating a unique identity within a suburb that has struggled to define itself.

North Ridgeville – Market Analysis

The North Ridgeville Market Analysis assisted the City in better understanding market conditions for a desired town center. Many cities face high vacancy rates and a poor mix of retail tenants and typically lack the market research to better understand how to improve their situation. The North Ridgeville Market Analysis assisted the City in better understanding a changing marketplace and identify businesses and real estate development opportunities that are realistic and unique to the community.

The North Ridgeville Market Analysis evaluated the competitive advantages that the North Ridgeville had in terms of mixed-use development: commercial, office and retail development, as well as appropriate housing types. The market analysis helped to identify existing needs and potential gaps in the marketplace that would drive development. It also assisted the City in developing a forecast of expected development demand.