LocateAI

LocateAI is a modern retail brokerage platform that utilizes artificial intelligence (AI) to provide location intelligence and data analytics for retailers, landlords, and brokers. According to the vendor, this platform is designed to optimize site selection, lease negotiations, and market forecasting for companies of all sizes, from small businesses to large enterprises. It is utilized by professionals and industries including retailers, landlords, commercial real estate brokers, franchise owners, and real estate development companies.

Key Features

Mobile A.I. for Location Understanding: According to the vendor, LocateAI leverages mobile data from 200 million anonymous devices to gain insights into consumer behavior, demographics, and shopping patterns. This feature allows businesses to make data-driven decisions for site selection by understanding consumer profiles, foot traffic, trade areas, and demographics & psychographics.

A.I.-Driven Location Forecasting: The vendor claims that LocateAI utilizes AI models customized for each client's business to forecast revenue potential for different markets, neighborhoods, and locations. This feature quantifies market potential based on revenue and the number of potential locations, aiding in the assessment of new sites and the avoidance of cannibalization.

GIS and Deal Management Platform: According to the vendor, LocateAI offers a GIS and deal management platform for efficient collaboration and deal tracking. Users can receive notifications when local brokers identify high-potential deals. This platform enables users to quickly assess site potential with contextualized reports and track their real estate pipeline in one place.

Tailored Marketing Campaigns for Landlords: The vendor states that LocateAI assists landlords in designing tailored marketing campaigns for their properties to attract more tenants. It identifies the highest and best tenants for each location based on shopping patterns from 200 million mobile devices and 10,000 brands. With the assistance of LocateAI brokers, landlords can secure the best lease on the market, considering long-term viability and maximum rent.

Automated Real Estate Strategy for Brokers: According to the vendor, LocateAI empowers brokers to differentiate themselves by providing access to its technology platform and reporting capabilities. This platform helps brokers increase their deal pipeline and win more business on a national level. Brokers can automate their clients' real estate strategies while the LocateAI back office handles data, allowing brokers to focus on real estate activities.

Customized A.I. Models for Retailers: LocateAI develops customized A.I. models for retailers to identify key drivers for their business. According to the vendor, retailers can gain insights into their customers, their origins, and how they compare to the competition. This platform assists retailers in finding locations with the highest revenue potential, avoiding cannibalization with existing locations, and reviewing the best available leases on the market.