A specialty real estate company focusing on refurbishing & managing historic buildings

Fail

The Problem

This real estate company  was aiming to get a better understanding of the “young professionals” demographic who either happen to be living alone or are considering making the move, in order to gain insights into how their new lifestyle and real estate concept would fare in the market and who the ideal target group would be.

Approach

The Approach

During the field research phase, the consulting team designed and carried out a focus group made up of the target group of individuals to capture insights regarding their current lifestyles, their living preferences, and their budget. The focus groups were supplemented by surveys that were completed by over 160 individuals

The Results

Focus group and survey findings were presented to the company in order to help them make a decision regarding the viability of their concept.