The retail landscape is constantly evolving, and this year's ICSC Las Vegas conference brought together industry leaders from across the board – developers, investors, leasing professionals and tenants – to discuss the future of retail. We've captured key takeaways from the conference in our latest article featuring insights from Jim Dillavou, National Head of Retail Investments, David Lewis, Vice President of Retail Leasing and Cortney Cuddihee, Vice President of Retail Construction. #ICSC
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At the recent ICSC trade group conference in Las Vegas, retail landlords showcased their dominant position in a tight property market. With historic low vacancy rates and limited new construction, tenants are scrambling for available spaces, even becoming more flexible with their requirements. Industry experts highlighted the creative strategies tenants like McDonald's and Starbucks are employing to secure locations amidst the high demand. Despite concerns over construction costs and consumer spending, optimism remains high, with retail space demand significantly increasing and expected to continue growing. Dive into the full story to learn more about the evolving dynamics in retail real estate! 🏢THE SUMMIT GROUP 👨💼DerekFoster 📞(478)750-7507 📱(478)997-1024 📧 [email protected] 🌐 thesummitgroupmacon.com #RetailRealEstate #ICSC2024 #commercialrealestate #MarketTrends #DerekFosterCommercialRealtor #derekfostercommercialrealestatebroker #thesummitgroupmacon
ICSC Floor Talk: Retail Landlords Control a Tight Property Market
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“The smart retailers haven’t stopped expanding. They know that if they wait, it’s only going to get more expensive.” Sure, but is this sustainable? As advisors we all need to be monitoring AUV's, construction costs and tenant pipelines to make sure that we are picking the right deals for our owners and occupiers. This article is very insightful but I am reminded of the industrial bubble in Southern California that is in various stages of bursting depending on the submarket. There is demand, and therefore deals, but we all need to be focused on making the right deals, not just closing. #icsc #retailrealestate #jllretail #orangecountyretail #southerncaliforniaretail #restaurantrealestate #retaildevelopment #jllretailOC https://lnkd.in/g5bbXdcR
Retailers Need to Grow and Are Willing to Pay for It, Making Redevelopment Pencil Out
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Broad Reaching Strategies for Maximizing Value in Retail Properties No matter the economic climate, the formula for creating value in properties will always be a retail property owner’s best friend. That’s why Broad Reach Retail Partners, LLC uses a multi-faceted approach that includes data-driven key performance indicators (KPIs) to drive their plans of action, strategic redevelopment and ongoing budget updates that optimize net operating income (NOI). “Through focused management, leasing and discipline, we create value, and we are able to return those dividends to our partners, properties and people,” says COO Mike Castellitto. “We have seen time and time again that those who are able to make changes, explore new ideas, methods and solutions can thrive.” https://lnkd.in/dhkMtq2a Sponsored by Broad Reach Retail Partners, LLC #cre #commercialrealestate #retail #shoppingcenter
Broad Reaching Strategies for Maximizing Value in Retail Properties
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Upcoming retail developments can be hard to find. But they shouldn't be. Use BuildCentral's database to be the first to know about upcoming retail developments across the US. See national retail store development projections and track competitive construction easier than ever before. Now retail real estate and commercial construction industry pros can track early-stage planned retail developments across the country. See how you can easily find retail developments: https://hubs.ly/Q024ZGnS0 #construction #developments #retail
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Interesting article on the state of retail in the downtown core, and the potential for Pacific Place as a catalyst for revival.
Why downtown Seattle needs Pacific Place to thrive - Puget Sound Business Journal
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Explore the most recent developments in the Albuquerque retail market through our comprehensive 2023 year-end snapshot of Albuquerque's retail landscape: https://bit.ly/48AqCOz To dive deeper into the retail market, check out our latest blog post here: https://bit.ly/3IeHfEH For all your retail needs and for deeper insights into the Albuquerque market, feel free to contact REA's Chris Anderson! #commercialbroker #retailrealestate #realestate #commercialrealestate
Unveiling Albuquerque’s Retail Real Estate Resilience: A Comprehensive Analysis - Real Estate Advisors
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Cushman & Wakefield has summarized the situation in the Polish retail market in 2023 ► https://lnkd.in/dgKe9QQ9 #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends
Polish retail market enjoys improving turnover
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🏢 Good retail vibrations continue to reverberate at #ICSC New York! Industry experts like JLL’s Naveen Jaggi and Kristin Mueller at the event share what the future of the retail real estate sector looks like with the promise of stable interest rates and increased availability of retail space. Read the full article: https://co.jll/3TsJlYg #ICSCNewYork #RetailRealEstate #GrowthOpportunities
Good retail vibrations felt at ICSC New York
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The retail market has become the new darling asset class within commercial real estate. However, the retail that is working now is not the same as what was working pre-pandemic. In an article by the Milwaukee Business Journal, Newmark Managing Director Kevin Schmoldt shared his expert insights on the evolving retail landscape, how investors are rethinking their approach and more. Continue reading. #Newmark #CRE #CommercialRealEstate #Retail #RetailCRE #RetailExpert #RetailMarket #ThoughtLeadership
The retail renaissance: Retail investments are surging as landlords get creative and new concepts gain traction — Table of Experts - Milwaukee Business Journal
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Commercial Real Estate update (Retail) 05.30.24 The international 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐫𝐞𝐚𝐥 𝐞𝐬𝐭𝐚𝐭𝐞 annual conference on retail wrapped up last week and the consensus overall seems to be one of 𝐨𝐩𝐭𝐢𝐦𝐢𝐬𝐦 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐬𝐭𝐚𝐭𝐞 𝐨𝐟 𝐫𝐞𝐭𝐚𝐢𝐥 𝐜𝐞𝐧𝐭𝐞𝐫𝐬 𝐚𝐧𝐝 𝐫𝐞𝐭𝐚𝐢𝐥 𝐢𝐧 𝐠𝐞𝐧𝐞𝐫𝐚𝐥 (with exceptions).....The 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐫𝐚𝐭𝐞𝐬 or rather the cost of borrowing at the existing interest rates continues to delay new ground-up projects due to the associated costs thus existing 𝐨𝐰𝐧𝐞𝐫𝐬 𝐨𝐟 𝐫𝐞𝐭𝐚𝐢𝐥 𝐜𝐞𝐧𝐭𝐞𝐫𝐬 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐮𝐩𝐩𝐞𝐫 𝐡𝐚𝐧𝐝 if they have great centers with spaces for lease....𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐫𝐞𝐭𝐚𝐢𝐥𝐞𝐫𝐬 must try to secure the best locations they can find, if any, so 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐠𝐫𝐞𝐚𝐭 𝐬𝐩𝐚𝐜𝐞𝐬 is prevalent. For some, the preference is to 𝐬𝐢𝐠𝐧 𝐬𝐡𝐨𝐫𝐭𝐞𝐫 𝐥𝐞𝐚𝐬𝐞𝐬 𝐨𝐯𝐞𝐫 𝐥𝐨𝐧𝐠 for added flexibility..... 𝐑𝐞𝐭𝐚𝐢𝐥𝐞𝐫𝐬 𝐚𝐫𝐞 paying attention to consumers' shopping preferences and 𝐢𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐧𝐠 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐬𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞..... Some of the “hot” retail concepts seem to revolve around 𝐞𝐧𝐭𝐞𝐫𝐭𝐚𝐢𝐧𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐞𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐭𝐢𝐚𝐥 𝐫𝐞𝐭𝐚𝐢𝐥. There didn’t seem to be an increase in pet retailing but an increase in grocery retailing, health & wellness and food concepts. #retailtrends #retailrealestate #retailing #commercialrealestate #icsc #icscrecon #retailconstruction #retailland
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