Real Estate Market Research Manager

Job Description

About the company

Albertsons Companies is at the forefront of the revolution in retail. With a fixation on raising the bar with innovation and building belonging through our culture, our team is rallying our company around a unique purpose: to create joy around each table and inspire a healthier tomorrow for every community.

Albertsons Companies is one of the largest food and drug retailers in the United States, with over 2,200 stores in 34 states and the District of Columbia. Our well-known banners include Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets, and Balducci's Food Lovers Market. We support our stores with 22 distribution centers and 19 manufacturing plants.

Bring your flavor

Building the future of food and well-being starts with you. Join our team and bring your best self to the table.

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What you will be doing

We are seeking a talented and motivated Real Estate Market Research Manager to join our Real Estate team and contribute to decision support related to the management and expansion of the Albertsons Real Estate Portfolio. This position will utilize in-depth market research and comprehensive location analysis of retail site data to develop accurate sales projections and provide strategic recommendations for optimizing supermarket site selection across diverse scenarios and store formats. Plays a pivotal role in market planning, leveraging insights to support strategic decision-making and drive new business development opportunities for the company.

The position resides within the Real Estate Operations and Analytics team, which helps support and maintain the Real Estate portfolio. The Real Estate analytics team is responsible for decision support for over $1B of capital projects each year with a focus on driving sound decision making around store lease decisions, new stores, closures, remodels, as well as key organizational reporting for our Real Estate, Store and Senior Leadership teams.

The position will be based in Boise, Idaho, or one of our main regional offices (Fullerton, CA, Pleasanton CA, Denver, CO, Phoenix AZ, Dallas, TX, Bellevue, WA, Chicago IL).

Key Responsibilities

• Provide decision support and insights that enables the development and execution of the company's real estate strategy, prioritizing growth, through data driven analytics and insights presented in hyper focused interactive engagements with our Core Retail and Real Estate leadership team.

• Prepare sales forecasting for all Core Retail transactions, including, new stores, mergers and acquisitions, relocations, remodels, renewals, initiatives, store closures and competitive events.

• Identifies market gaps and provides recommendations to fill these gaps that leverage our key retail growth strategies as defined by senior leadership.

• Interprets results and develops recommendations from research and data analysis to build relevant stories and insights for supported functional areas' leadership through data visualization, written and oral presentations.

• Maintains competitive tracking, reconnaissance, analysis and reporting, and provides competitive insights and trends.

• Maintains and enhances our company's data driven custom market, submarket, node and store trade area definitions to drive effective strategic and tactical decision making.

• Supports development of all systems and tools related to market research, geospatial analysis, competitive tracking and insights, sales forecasting, and reporting, with an emphasis on increased standardization, automation and enhancement of existing solutions and processes to enable maximum potential from our teams.

• Implements new analytical approaches and methodologies to business requests that provides fresh insight in the interpretation of results

• Continually evaluate existing data and analytics framework to find potential opportunities to pivot and make recommendations to enhance the framework to account for changes in our company's enterprise data model and the company's strategic priorities.

• Active participation in key stakeholder meetings, specifically when conversations are focused on key accountabilities as noted.

• Conduct in market visits to gain on the ground knowledge to support decision making (25%-50% of time)

The salary range is $95,400 to $123,900 annually. Starting salary will vary based on criteria such as location, experience, and qualifications. There may be flexibility for exceptional candidates.

What we are searching for

Soft Skills

• Communication: Ability to clearly articulate technical concepts to non-technical stakeholders

• Problem-Solving: Strong analytical thinking and troubleshooting skills

• Adaptability: Ability to quickly learn and apply new technologies and tools

• Teamwork: Ability to collaborate effectively with cross-functional teams and a wide range of personalities

• Critical Thinking: Ability to assess and improve existing processes and workflows

Competencies

Analytical Thinking

• Ability to analyze complex market data, sales trends, and location-specific demographics to derive actionable insights.

• Proficiency in forecasting and scenario planning to predict potential performance of retail locations.

Strategic Mindset

• Expertise in aligning market research findings with long-term company goals.

• Skill in identifying opportunities for market expansion and optimizing site selection strategies.

Technical Proficiency

• Familiarity with Geographic Information Systems (GIS), data visualization tools, and market research software.

• Competence in interpreting large datasets, maps, and spatial analytics for real estate decisions.

• Utilize existing technology stack to perform/automate complex geographic analytics tasks and continually explore the marketplace for enhanced technology

Communication and Presentation

• Strong written and verbal communication skills to present findings and strategic recommendations clearly to stakeholders.

• Ability to create compelling reports and visualizations that support data-driven decisions.

Project and Time Management

• Capability to manage multiple market research projects simultaneously, ensuring timely delivery and accuracy.

• Efficient in prioritizing tasks and collaborating with cross-functional teams.

Problem-Solving and Adaptability

• Creative approach to tackling challenges in market planning and site development.

• Ability to adapt to changing market conditions and business needs.

Market and Consumer Insights

• Deep understanding of consumer behavior in the grocery retail sector.

• Knowledge of competitive market landscapes and emerging industry trends.

We believe the successful candidate has these qualifications and experience:

Qualifications

• Education: A bachelor's degree in business, geography, real estate, market research, economics, or a related field is often required. Advanced degrees (e.g., MBA or master's in real estate) can be advantageous.

• Technical Skills: Proficiency in data analysis tools (e.g., Excel, ArcGIS Pro, Business Analyst, Alteryx or statistical software).

• Knowledge: Strong understanding of retail site selection, market planning, and consumer behavior in the grocery sector.

Experience

• Industry Experience: 5-7 years of experience in market research, real estate analysis, or a related field, preferably within the grocery or retail industry.

• Analytical Expertise: Proven track record of conducting location analysis, sales forecasting, and competitive market assessments.

• Strategic Planning: Experience in collaborating with cross-functional teams to align research insights with business strategies.

• Project Management: Demonstrated ability to manage multiple research projects, budgets, and timelines effectively.

What is it like at Albertsons?

Our 290,000 associates have a passion for great service and building lasting relationships with our customers. Through a companywide focus on innovation, we are continually enhancing our digital and product offerings, making it easy for customers to get what they need, wherever they are.

Albertsons is an Equal Opportunity Employer

This Company is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, gender identity/expression, sexual orientation, or on any other basis prohibited by law. Consistent with applicable state and local law, the Company will consider for employment qualified applicants with arrest and conviction records.

We endeavor to make this site accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact us at 1-888-255-2269(option #4).