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Market Analyst

Market Analyst

Team 
Accounting and Finance
Location 
US-MI-Detroit

Position Details

Who We Are

About Bedrock:

Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates has committed more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet.

 

Bedrock is leading Detroit’s building boom with the city’s largest and most ambitious projects. These projects meet an increasing demand for Class A office space and modern living options in a growing and technology-centric urban core, with an emphasis on ground-level activation and increased walkability. In the next five years, Bedrock plans to deliver 3,500 new residential units to the market; from City Modern, an 8.4-acre neighborhood where residents can age in place; to 28Grand, where residents use the city as their living room; to the Hudson’s project, which will soon be home to Detroit’s tallest building and most landmark address.

 

Our Core Values: Independently Driven | Never Satisfied | Relentless Commitment to Service

 

Why Bedrock?

At Bedrock, we create unique experiences through real estate! From your experience each day at the workplace to the experience we create for those who live, work, and play in our spaces, we are focused on making a lasting impression through our properties and developments.  We are looking for team members that want to make an impact in the fast-paced world of real estate, management and development and who want to be a part of a team who is changing the landscape in the cities where we work.  At Bedrock, you will be a part of an inspirational, energy-filled environment.  Come join the momentum! For more Information, visit bedrockdetroit.com or engage with us on Twitter @BedrockDetroit and Facebook.

What You'll Do/Need

Position Summary:

Bedrock’s unprecedented investment in a concentrated geographic footprint requires an in-depth understanding of the current and projected market dynamics in Detroit and Cleveland. Forward-looking market research and data analysis is critical to support Bedrock’s ongoing strategy development, evaluation of new opportunities and to best position Bedrock’s portfolio for long-term success. The Bedrock Market Analyst will collaborate with multiple teams within Bedrock delivering actionable market research and strategy recommendations to support investment, development, leasing, and marketing.  The ideal candidate will be a self-starter who is extremely well-organized, a quick learner, accurate, has strong Excel/database, presentation and writing skills, and is versed in market research, economic analysis and creative problem solving.

 

Position Responsibilities:

  • Inform investment strategy and deal making through bespoke analysis and the creation of customized presentations based on macroeconomic, market, demographic and psychographic research as well as statistical modeling
  • Research, monitor and analyze activity and trends in target and comparable markets using a variety of external and internal data sources and subscription services
  • Assess and recommend appropriate and relevant data sources and services canvassing the office, retail, residential and hospitality sectors needed to most accurately evaluate target markets such as; Green Street Advisors, CoStar, Claritas Prime Location, Esri BAO, AXIOMetrics, STI PopStats, REIS, Smith Travel Research, US Census Bureau, EMSI, BOMA, Bureau of Labor Statistics and Environics Analytics
  • Develop and conduct analog analyses to most accurately portray the existing and projected real estate landscape in Detroit and Cleveland
  • Collect and organize Bedrock’s proprietary data and trend research, and administer systems for processing, reporting and analysis of this research
  • Analyze macroeconomic and urban trends in retail, food service, and tourism as well as e-commerce sales using the U.S. Census monthly and annual retail trade data, Moody's, and other identified data sources
  • Create reports, dashboards and benchmarking tools to evaluate Bedrock real estate portfolio performance in the context of public market and economic indicator signals relative to peer cities
  • Inform leasing strategy through recurring and ad hoc analyses such as;
    • Constantly research emerging companies, concepts and brands, identifying trends across all categories including retail, office, technology and pass qualified leads to the Leasing team
    • Analyze retail industry trends, conduct SWOT analyses for key retailers
    • Conduct tenant coverage ratio analysis to understand the existing retail square footage in a particular market and the available potential tenant pool
    • Analyze distressed tenants, including a comprehensive study and SWOT analyses, provide outlooks to support key strategic decision making
    • Conduct tenant pool analysis to understand the evolving merchandising mix over time, our exposure to challenged/growing merchandise categories, and provide suggestions for leasing strategy

Position Requirements:

  • Bachelor’s Degree, preferably in a marketing, statistics, business, or math related field
  • Minimum 3 years of experience in a market analysis role
  • Prior experience at a real estate services, investment or development company strongly preferred
  • Ability to cope with shifts in priorities, challenging situations and deadlines
  • Certification through Marketing Research Associate strongly preferred

 

 

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