Harbor Commercial Partners, LLC’s Post

The Mall at Millenia, one of the most upscale and productive centers in the United States, is home to a concentration of luxury retailers in Orlando, Florida. Luxury retailers saw a surge in leasing across the United States in the past year, with nearly 40% in malls, driven by their expansion into #SunBelt cities amid growing demand for upscale goods. Find market projections and more 5-star #retail properties with CoStar: https://lnkd.in/eACjuYdE

Retailers & Locations. What do retailers look for in strip center locations? They consider several factors to ensure the success of their business, but here are just a few: 1. **Visibility**: Tenants must be prominently visible to let customers know they are there. 👀🏬 2. **Parking**: The availability of parking spaces is crucial. The required number of parking spaces varies depending on the type of retail services. 🚗🅿️ 3. **Tenant Mix**: Retailers prefer centers with a complimentary tenant mix, and they do not want overlap with similar businesses. 🛍️🔄 4. **Size and Layout**: The size, depth, and layout of the strip center are important. Corner or the dreaded elbow spaces with low visibility and access are not preferred, and spaces that are too deep can be a problem as well. 📏📐 5. **Traffic Flow**: It's important to consider traffic flow during peak shopping hours and ensure that the layout provides easy access and exit points. 🚦🚶♂️🚶♀️ #RetailLocationFactors #StripCenterSuccess #RetailVisibility #RetailParkingSolutions #TenantMixStrategy #RetailLayoutDesign #CommercialRealEstateTips #RetailTrafficFlow #RetailSiteSelection #ShoppingCenterInsights #RetailBusinessSuccess #CommercialLeasing #RetailPropertyFeatures #StripMallInvesting #RetailSpace

More Exciting #Retail News for #BuckheadAtlanta - Two key takeaways: 1. #Buckhead becoming the first #Georgia location for #luxury retailers, 2. Revitalization of #PaceFerryPlaza, #PhippsPlaza and #LenoxMall https://lnkd.in/g-c9nRTi

The International Council of Shopping Centers (ICSC) Las Vegas convention recently brought together 25,000 retail professionals for deal-making, trend exploration and networking. Here are three insights for furniture retailers from the event: Tight market conditions: With declining construction starts and tenants holding onto space, landlords benefit, but the leasing environment becomes more competitive for tenants. Retail real estate value: The lack of new supply is driving up the value of retail real estate. Capital market volatility: High-performing assets and rent growth mean owners don't need to sell unless they achieve desired pricing, despite high demand for quality retail assets. While the retail environment remains challenging, the outlook for retail sales and growth is positive. Furniture retailers with strong balance sheets and disciplined cost controls can look forward to a hopeful future. Read up to find out the other insights mentioned in the article: https://bit.ly/4e57NXz #FurnitureRetail #RealEstate #ICSC #RetailTrends #MarketInsights #FurnitureIndustry #RetailGrowth

#InTheNews: This year, #retailers are on track to open more #stores than they close. A new article from Kate King for The Wall Street Journal detailed how physical #retail spaces have become limited following years of low construction, in turn providing #landlords with opportunities to successfully fill vacated spaces with new offerings that increase foot traffic to #malls and shopping centers. Read the full article here: bit.ly/3X170B0 

This year marks 1,000 past and present retail and contract customers! #RetailSuccess #PartnershipGrowth #FurnitureDesign #FurnitureRetail #UKRetailers #IrelandRetailers #FurnitureSales #Westgarth #ContractFurniture #InteriorDesign #Upholstery

𝐅𝐚𝐦𝐨𝐮𝐬 𝐑𝐞𝐭𝐚𝐢𝐥𝐞𝐫 𝐋𝐚 𝐌𝐚𝐢𝐬𝐨𝐧 𝐒𝐢𝐦𝐨𝐧𝐬 𝐄𝐱𝐩𝐚𝐧𝐝𝐬 𝐰𝐢𝐭𝐡 𝐓𝐰𝐨 𝐍𝐞𝐰 𝐒𝐭𝐨𝐫𝐞𝐬 𝐢𝐧 𝐄𝐚𝐭𝐨𝐧 𝐂𝐞𝐧𝐭𝐫𝐞 𝐚𝐧𝐝 𝐘𝐨𝐫𝐤𝐝𝐚𝐥𝐞 As part of an ongoing development, Cadillac Fairview (CF) announced that retailer La Maison Simons, also known as Simons, will build a new store at Toronto’s Eaton Centre. Read More: https://bityl.co/QNub #lamaison #retailers #lamaisonrose #news #BusinessNews #NewsUpdate #businessnewsupdates #InsightsSuccess

The news about retail is well, not that great. Here is an example of a regional mall that was valued at $152 M in 2012 just sold for... wait for it....$9.5 M, a 94% drop in value. According to the article there are plenty of other malls in a similar, perhaps not as drastic, state of declined value. A speaker at a retail event that I recently attended claimed that 35% of retail space in the United States has been repurposed or is just plain gone. Some has been repurposed as municipal buildings or become residential/multifamily or medical office spaces and that as a result "retail is now fairly healthy". Really, a 94% decrease in value is "healthy"? Yes, I know, not all retail is suffering this level of decreased value, but still... Retail properties are really interesting. They offer opportunities to be redeveloped/repurposed because of their proximity to highly trafficked and centralized locations near highways. The repurposing can take the form of logistic/distribution/warehouse uses or medical offices, schools, municipal offices as mentioned above. They can be torn down and become multifamily developments because of their large footprints and central locations. Not all retail is shrinking or hurting. Luxury retail is apparently doing well, but movie theaters are not, it's expected that the number of screens will decrease by 30-40% as the number of films that drive profitability and bring people to the theater decrease. Grocery consolidation, according the the speaker, will continue because of their decreased margins. On the other hand online retailers like Warby Parker, Amazon and others are opening Brick and Mortar locations as their clients want to touch the products and the seller's try and make their products "stickier" which is hard to do online. What are your thoughts? Is retail dead, or...? #CRE #RealEstate #CommercialRealEstate #CREInvesting #RealEstateInvesting #CommercialRealEstateInvesting #CREDevelopment #RealEstateDevelopment #CommercialRealEstateDevelopment #CREFinance #RealEstateFinance #CommercialRealEstateFinance #CRERetail #RealEstateRetail #CommercialRealEstateRetail #Retail #RetailRealEstate

This is a great case study of the viability of "the mall". Like anything, adaptability and market intelligence are key. #brookfieldproperties #brookfieldpropertieslife #MayfairMall #NewStores

𝐅𝐚𝐦𝐨𝐮𝐬 𝐑𝐞𝐭𝐚𝐢𝐥𝐞𝐫 𝐋𝐚 𝐌𝐚𝐢𝐬𝐨𝐧 𝐒𝐢𝐦𝐨𝐧𝐬 𝐄𝐱𝐩𝐚𝐧𝐝𝐬 𝐰𝐢𝐭𝐡 𝐓𝐰𝐨 𝐍𝐞𝐰 𝐒𝐭𝐨𝐫𝐞𝐬 𝐢𝐧 𝐄𝐚𝐭𝐨𝐧 𝐂𝐞𝐧𝐭𝐫𝐞 𝐚𝐧𝐝 𝐘𝐨𝐫𝐤𝐝𝐚𝐥𝐞 As part of an ongoing development, Cadillac Fairview (CF) announced that retailer La Maison Simons, also known as Simons, will build a new store at Toronto’s Eaton Centre. Read More: https://bityl.co/QNub #lamaison #retailers #lamaisonrose #news #BusinessNews #NewsUpdate #businessnewsupdates #InsightsSuccess