A new proptech model that tracks the economic vitality of more than 2,800 locations across the United Kingdom aims to help investors and developers deal with the “location revolution” that will follow the COVID-19 pandemic.
Developed by JPES Partners, Evaluate|Locate analyzes millions of verified data points regarding business density, population trends, employment, and residential property values to provide ratings back to 2010. It then generates an Economic Vitality Index, which ranks locations and gives insight into their economic “direction of travel.”
“Property is essentially an investment in a local economy, and we can now measure this ‘location factor’ in way that is comparable, consistent and benchmarked,” said Duncan Lamb, JPES Partners’ head of property. “The model was originally built to bring more precision to the location sections of investment reports and a wider economic perspective to portfolio reporting. However, the impact of the p
