Downtown Market Analysis Services

The City of Auburndale, Florida is seeking a consulting firm specializing in real estate, economic development, planning, or financial planning to conduct a comprehensive market study and economic analysis of its downtown area. The agency needs to identify specific opportunities to redevelop the civic center site, analyze the local economic base, and determine the market potential for new businesses and residential uses. This initiative aims to solve the problem of underutilized downtown space by establishing data-driven strategies for revitalization and growth. The requested scope of work covers an economic analysis containing a supply and demand analysis, an employment inventory, a residential market assessment, and a qualitative analysis of the data regarding downtown development implications. The study must focus on identifying key business and industry opportunities for the civic center site redevelopment. Additionally, the agency requires strategies for the redevelopment of the civic center site, including necessary code changes, marketing strategies, business recruitment and expansion opportunities, and avenues for entrepreneurship. Eligible bidders must be onshore organizations based in the United States. The agency allows the selected contractor to perform the work offsite. Bidders must submit their responses digitally via email or through the online portal, and the agency is currently looking for proposals to establish the budget for this project.