Chesco Challenge February 2025 Edition: 19341 vs 19374
Welcome back to the Chesco Challenge, your monthly deep dive into the vibrant Chester County commercial real estate market! This month, we're exploring two unique areas: Exton (19341) and Landenberg (19350). Each zip code offers distinct opportunities for those in the healthcare real estate sector, but understanding their nuances is key to making informed decisions. Let's explore what sets these areas apart.
Regional Change: A Tale of Two Zip Codes
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19341 (Exton): Exton shows steady growth with a 5% increase in foot traffic year-over-year, indicating a healthy market attracting more customers.
19350 (Landenberg): Landenberg demonstrates a booming market with a significant 32% increase in foot traffic year-over-year, suggesting rapid expansion and heightened consumer activity.
Monthly Trends: Unpacking Seasonal Shifts
19341 (Exton): Overall, there's a 5% increase in foot traffic, but dining visits dipped in February and March while retail surged in October and December.
19350 (Landenberg): Landenberg shows an impressive 32% overall increase in foot traffic, with dining visits peaking in September and retail visits increasing in March and September.
Top Properties: A Glimpse into Popular Destinations
All Property Types
19341 (Exton): Dominated by shopping centers like Main Street at Exton, Exton Square Mall, and Whiteland Town Center, offering diverse retail, dining, and entertainment options.
19350 (Landenberg): Features a mix of essential services, dining, and recreational facilities, including Sunoco, Daddy's Kitchen, 896 Pie, Inc., and Nonantum Veterinary Clinic.
Retail:
19341 (Exton): Showcases a strong retail presence with shopping centers like Main Street at Exton, Fairfield Place, and Exton Square Mall.
19350 (Landenberg): Offers limited retail options, with Sunoco as the primary location for convenience items, along with Nonantum Veterinary Clinic and automotive shops.
Dining:
19341 (Exton): Features a concentration of fast-food chains like Chick-fil-A and McDonald's, along with two Starbucks locations.
19350 (Landenberg): Offers limited dining options, with Daddy's Kitchen serving American cuisine and 896 Pie, Inc. specializing in pizza.
Travel:
Top Properties Travel
19341 (Exton): Dominated by hotels like Hilton Garden Inn, Holiday Inn Express, and SpringHill Suites, catering to various travelers and budgets.
19350 (Landenberg): Focuses on recreational activities with New Garden Township Park and Chisel Creek Golf Course.
In-Depth Analysis: Trade Area Overlap
Let's take a closer look at the competitive landscape by analyzing the Trade Area Overlap between two key locations: Main Street at Exton (270 Indian Run St, Exton, PA 19341) and Sunoco Full Site (1551 New London Rd, Landenberg, PA 19350).
Trade Area Overlap Explained:
Trade Area Overlap analysis helps us visualize and quantify the shared customer base between two properties. This analysis is crucial for understanding the competitive landscape and identifying potential areas of synergy or competition. By examining the geographic areas from which customers are drawn to each property, we can gain insights into the extent to which they compete for the same customers.
The visualizations reveal a minimal Trade Area Overlap between these two properties, suggesting they serve distinct customer bases. This is expected given their different offerings and locations.
Main Street at Exton, a major shopping center anchored by notable tenants like Target, Giant Food, and Ross Dress For Less, boasts a much larger total trade area compared to the Sunoco Full Site. The overlapping areas are at the far northern range of Sunoco's trade area. While the overlapping area is only 0.45 miles, it represents 2,417 distinct customers. This highlights that even small overlaps can represent a significant number of potential customers.
Conclusion: Finding the Right Fit for Your Commercial Real Estate Goals
Exton and Landenberg each present unique advantages for commercial real estate ventures. Exton offers a dynamic environment with a diverse mix of retail, dining, and recreational options, attracting both local and regional visitors. Its established retail presence, anchored by Exton Square Mall and Main Street at Exton, provides high-visibility locations and strong foot traffic, ideal for businesses seeking a bustling atmosphere.
Conversely, Landenberg offers a more localized market with a growing retail landscape and a strong community focus. This presents opportunities for businesses aiming to establish a presence in a developing area and serve a tightly-knit community.
Ultimately, the optimal choice between these two zip codes depends on your specific objectives and target market. By carefully considering the unique characteristics of each location, commercial property owners, investors, and developers can make well-informed decisions that align with their overall strategy and business goals.
Stay tuned for our next Chesco Challenge, where we'll dive deep into two new zip codes, uncovering their hidden gems and potential for growth in the Chester County commercial real estate market!
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Next Chesco Challenge: 19335 vs. 19380
