Would you approach this question from the population or the land size point of view? Or is there a better angle to approach the question
Guestimate: How would you estimate the number of commercial properties in a given city?
I would use the population although it will be very sensitive to many assumptions.
It looks very difficult to make meaningful assumptions in terms of land size.
This is an uncommon question, to be honest.
There are a lot of assumptions involved with both the methods you suggest.
Two points from my side:
- Using population as sizing driver is extremely dangerous, not only in this case; if you had to choose one of the two, go for the second one (trying to extrapolate as a driver an area that you know well and that is COMPARABLE)
- Try to remember by heart some key numbers that could help you in situations like this one (e.g., # of commercial properties in your target Country, # companies in your target Country by size - small/medium/big): worst case scenario, you can use them to cross-check the values you come up with
Related BootCamp article(s)
Your client, large automotive OEM WyCar, has developed its first fully electric vehicle (EV) and introduced it as a pilot on the Austrian market last year. However, sales have been far below the expected numbers. The management has engaged you to support them in understanding the reasons and advise ... Open whole case
You have inherited the “Old Winery” from your grandfather, a winery which has been family owned for five generations and can be dated back to the 16th century. Half of the eleven hectares are used to grow white grapes, the other half to grow red grapes. They are grown in the conventional way, i.e. ... Open whole case
Onlinestar, an online retailer of furniture and garden products (core business), has grown significantly in recent years as a result of an expansion of its product portfolio. The company mainly imports goods from Chinese manufacturers but also operates its own production of cat lavatories (special b ... Open whole case
Nutripremium is a very well-known premium nutrition food company in Europe (€1 billion revenue last year). It is based in Spain and has an excellent market share not only in its home country but also in Portugal, France, Italy and Germany. Nutripremium has two main lines of products: Vitamin-supp ... Open whole case
Beyer, one of the biggest pharmaceutical companies in the world, just invented a very reliable vaccine against Chickenpox, a disease that affects children in the age from 2 to 16 years. Beyer came to you wondering what their potential sales in Europe in the first year would be if they launched this ... Open whole case