How can you measure the impact of urban regeneration on local retail?

To measure the impact of urban regeneration on local retail, you can look at a few key indicators. First, examine sales data before and after the regeneration to see if there's an increase in retail activity. Monitor foot traffic in retail areas; more people usually means more business. Conduct surveys with consumers and local retailers to get their perspectives on changes in shopping habits and business performance. Analyze property values and rents in the area, as rising values can indicate a healthier retail environment. Check employment data to see if there are more jobs in the retail sector, suggesting growth. Also, look at the variety of stores; more diversity might attract a wider range of customers.

Measuring the impact of urban regeneration on local retail requires a comprehensive approach that considers various factors and utilizes appropriate metrics. Here are some key strategies to assess the impact: 1. Retail Sales Data 2. Consumer Surveys 3. Footfall and Occupancy Rates 4. Tenant Mix and Diversity 5. Property Values and Rental Rates 6. Employment and Job Creation 7. Local Economic Indicators 8. Community Feedback and Perception 9. Long-term Monitoring

Foot-traffic (ie visitations) is a measure commonly used in retail that quantifies the health and vibrancy of local retail. Traditionally people with clicker counters would track this metric. Today there are a plethora of tech tools that are far more accurate. discrepancies can arise and should be factored in.

Measuring the impact of urban regeneration on local retail involves assessing factors such as foot traffic, sales data, and community feedback. Analyzing changes in business performance, vacancy rates, and resident satisfaction surveys provides valuable insights.

In my experience, the best way to measure the impact of urban regeneration on local retail is by tracking retail sales, footfall, and vacancy rates. Assess business survival and property value appreciation. Examine community engagement, job creation, and quality of life indicators. Conduct customer surveys and evaluate the influence of social and cultural events. Monitor collaborations among local businesses and improvements in accessibility. This multifaceted approach ensures a comprehensive understanding of the regeneration's effect on the local retail sector, enabling informed decision-making for future urban planning initiatives.

Urban regeneration should aim for such a design that creates more loops for the customers to browse retail and provides a diverse mix of activities such as recreational, shopping, idle time, and other mix of activities, without overpowering the character of its retail.

this analysis is very commonly used and many aspects can be drawn.

Footfalls are certainly a great measure of the vibrancy of a marketplace. Though conversion rates of footfalls are directly proportionate to its eventual retail billings in the beginning, they in fact get inverted and then steady themselves along the way and when that happens that means the place has a great future. Rentals eventually go up and reach a stage where commercial space becomes a pot of gold and there’s no looking back for early investors.

A diverse retail landscape can contribute to economic resilience. When a community relies on a variety of businesses, it is less vulnerable to economic downturns that might disproportionately affect a specific sector.It can also generate employment opportunities for a wide range of skill sets and interests. Different types of retail establishments require different types of employees, contributing to a more inclusive job market. The pother point to note is that diverse retail options can foster cultural and social interaction. Retail spaces often serve as gathering points, and a mix of businesses can create a vibrant and inclusive environment that encourages social engagement among diverse groups of people.

A focus on retail diversity will also improve the chances to attract diverse crowd and open opportunities for new businesses which may get more limelight just because of the urban design interventions.

It can be done through a multi-faceted approach. Firstly, analyze footfall data to gauge changes in customer traffic and shopping patterns. Assess sales data to understand the economic performance of local retailers post-regeneration. Conduct surveys with shopowners to gather qualitative insights into their experiences. Examine changes in vacancy rates and the emergence of new businesses to evaluate the overall retail ecosystem. Additionally, track community sentiment through or public forums to capture public perceptions of the regenerated area.By combining quantitative and qualitative indicators, you can comprehensively measure the effects of urban regeneration on local retail, providing valuable insights for future planning& development.

A simple and gross way to judge the impact of urban regeneration on local retail could be to calculate the increase the percentage of plots/buildings facing public plazas and wider streets after regeneration. Because it make the plots/buildings more accessible both physically and visually and thus creates more chances to increase retailing activities.

Focusing on how the urban regeneration brings customers to the retails and prolonge their interactive time without generating any inconveniences for the general public, can increase retails' potential.

People and planet is the constraint. Put highest sustainability standards. Future retail is not about things. Give space for all kinds of incentives, culture and expressions. Understand peoples motivations. Don't see them as customers. Be authentic, make sure you give something truly important back. Open for mixed functions: locals, housing, learning environments, production, upcycling, density of people and green structures. Permanent temporarity: Empower more diversity of stakeholders and circulate the content. In a more digital word, don't forget to connect people with real analog places. Create authentic, high qualitative architecture and urbanism. Make cities, neighbourhoods, democratic coproduction, co-ownership.

I prefer to combine at least 2 of the methods above. A new method I use lately is spatiotemporal analysis of retail sentiments. I mine textual big data from microblogs and analyse the sentiment polarities using ML. This also gives me the opportunity to capture the impacts of the regeneration on diff spatial scales and from outside of the boundary (eg how has the area attracting retain interest from outside). Combining big and small data gives me a lot lot to play with as a planner.