Discovering High-Potential Sub-Markets with Data-Driven Strategies

Navigating the Challenge of Market Selection

How does one pinpoint lucrative sub-markets without local insights? Here's a strategy we've tested.

Unearthing Conversion Opportunities with Deepblocks

Last week, we embarked on a journey with the Deepblocks portfolio analysis tool and unearthed 205 potential Office-to-Residential conversion opportunities across Miami. The catch? They are scattered throughout the city, and assessing each one through feasibility studies, even at a rapid five-minute pace, would take an exhaustive three days.

Leveraging ChatDB for Economic Analysis

Enter ChatDB. We utilized this innovative tool to analyze Miami's tracts over the last decade (up to 2021) across six key economic metrics. The pivotal moment came when we overlaid these tracts to pinpoint areas where top metrics converged.

Identifying Top-Performing Neighborhoods

The result was revealing: Edgewater, Shenandoah, and Downtown stood out as top performers in multiple economic categories. This insight, although possibly anticipated by Miami locals, underscores the efficacy of our method in reflecting local knowledge.

Refining Prediction Strategies

Admittedly, we're playing catch-up with this method. Our ambition is to forecast burgeoning investment opportunities much earlier. Nonetheless, this straightforward approach demonstrates its capability in identifying sub-markets brimming with housing demand.

Focusing on Edgewater

Next on our agenda is a closer examination of the office conversion prospects in Edgewater. Keep an eye out as we delve deeper into the intricacies of this data-driven approach to real estate investment.

Author Olivia Ramos
Founder and CEO of Deepblocks, holds master's degrees in Architecture from Columbia University and Real Estate Development from the University of Miami. Her achievements before Deepblocks include designing Big Data navigation software for the Department of Defense's DARPA Innovation House and graduating from Singularity University's Global Solutions and Accelerator programs.