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Gaining more precise property traffic for the real estate sector – a Wejo Smart Mobility For Good ™ Case Study

December 15, 2021
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Traffic counts, or Vehicles Per Day (VPD) calculations are vital to the commercial real estate industry because they indicate potential customers. Analyzing traffic counts can help real estate professionals evaluate the health of existing properties, assist when evaluating potential new site locations, and support existing clients in making informed real estate decisions. NewQuest historically calculated VPD metrics from Department of Transportation (DOT) data. This data, while useful, can be limited in scope.

The NewQuest team saw connected vehicle data (CVD) as a new potential source for precise traffic counts and partnered with Wejo to infuse CVD in order to provide deeper insight than traditional mobility sources and is more easily manipulated to focus on specific times of day and areas of traffic.

“We are really just scratching the surface when it comes to what CVD can do to help us better understand what’s going on around our existing properties and evaluate the potential of new site locations. While DOT counts are the industry standard, they are limited. I’d argue CVD is more beneficial and meaningful because it solves for the two downfalls of DOT data: managing study periods and specifying locations."

- Chris Myers, Senior Specialist, GIS & Research, NewQuest

For the full challenge, solution and results click below to read the full case study.


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By clicking submit you consent to sharing your data with Wejo for the purposes of contacting you regarding Wejo’s products and services
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Gaining more precise property traffic for the real estate sector – a Wejo Smart Mobility For Good ™ Case Study
customer story

customer story

Gaining more precise property traffic for the real estate sector – a Wejo Smart Mobility For Good ™ Case Study

No items found.

Join the community

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Wejo Mobility Roundtable
Thanks for joining
Something went wrong while submitting the form

Already registered? Book a meeting with us

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

THANK YOU
We will be in contact soon to book a meeting
Something went wrong while submitting the form

Enter your details for more information about Wejo’s solutions or to discuss how we can help you meet the challenge of Massachusetts Right to Repair 

By clicking submit you consent to sharing your data with wejo for the purposes of contacting you regarding wejo’s products and services

Thank you, we will be in contact soon.
Something went wrong while submitting the form

Traffic counts, or Vehicles Per Day (VPD) calculations are vital to the commercial real estate industry because they indicate potential customers. Analyzing traffic counts can help real estate professionals evaluate the health of existing properties, assist when evaluating potential new site locations, and support existing clients in making informed real estate decisions. NewQuest historically calculated VPD metrics from Department of Transportation (DOT) data. This data, while useful, can be limited in scope.

The NewQuest team saw connected vehicle data (CVD) as a new potential source for precise traffic counts and partnered with Wejo to infuse CVD in order to provide deeper insight than traditional mobility sources and is more easily manipulated to focus on specific times of day and areas of traffic.

“We are really just scratching the surface when it comes to what CVD can do to help us better understand what’s going on around our existing properties and evaluate the potential of new site locations. While DOT counts are the industry standard, they are limited. I’d argue CVD is more beneficial and meaningful because it solves for the two downfalls of DOT data: managing study periods and specifying locations."

- Chris Myers, Senior Specialist, GIS & Research, NewQuest

For the full challenge, solution and results click below to read the full case study.


Contacts
No items found.
By clicking submit you consent to sharing your data with Wejo for the purposes of contacting you regarding Wejo’s products and services
Privacy policy >
Gaining more precise property traffic for the real estate sector – a Wejo Smart Mobility For Good ™ Case Study
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