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Six Strategies to Help Retailers in the Site-Selection Process 🔎 Article by Andy Misiaveg featured in the Fall 2023 issue of NAIOP Development Magazine First-hand observations and in-depth market knowledge can make a difference. Retail real estate is emerging from a period of unprecedented change. Fueled by the pandemic and rapid technological advances, it’s a landscape full of new priorities, altered perceptions, and fresh concepts. The trends coming out of the pandemic have drawn shoppers back into stores, highlighting their desire to be among people and get a tactile sense of the in-store shopping experience. This includes new markets that have opened amid population growth, as well as the rise of different store formats influenced by the customers’ shopping habits and time allocation in a given area. However, these innovations have created a disconnect between brands and their stakeholders, including consumers and landlords. How can retail site-selection professionals reassess and reconnect with their brand while getting a genuine sense of the landscape? Here are six strategies to consider. TSCG Article: https://lnkd.in/e9Fq4iEg #tscg #naiop #strategies #commercialrealestate #marketknowledge

In today's dynamic retail world, landlords must carefully consider various factors when selecting tenants. Recent insights from a Top 100: Tenant Expansion Trends report highlight three critical consumer trends shaping the retail market: 1. Bargain Hunting: With inflation squeezing budgets, consumers crave good deals. Retailers like Dollar General, ALDI, Target, and Five Below are expanding to meet this demand for affordability. 2. Convenience: In our fast-paced lives, convenience is king. Brands like Sheetz, Wawa, and Take 5 Oil Change are growing by offering one-stop solutions and quick service. 3. Wellness Focus: Personal wellness is driving growth in retail. Retailers like Planet Fitness, Academy Sports Outdoors, and Sprouts Farmers Market are expanding to meet the demand for health-centric goods and experiences. To succeed, retailers must adapt to these trends by offering affordability, convenience, and wellness-focused options. Staying attuned to consumer preferences is vital for long-term success in the competitive retail landscape.

The big picture: The retail landscape is always evolving to adjust to changing tastes, spending habits and trends — from Main Street to shopping malls to big box and back again. https://ow.ly/9F1t50QwUv0

With all the talk of a "retail apocalypse," it's important to remember that the reality is quite different. According to recent reports, the vacancy rate for retail space is at a 15-year low, which means that retail is actually more resilient than ever. In fact, e-commerce and physical retail are now complementing each other more than ever before. Opening a brick-and-mortar store can even increase a brand's online sales, while closing stores may have the opposite effect. It's true that retail is evolving, with new formats, concepts, and channels emerging. And yes, some retailers will close stores or even shut down. But the bottom line is that retail is alive and well. #retail #sales #stores #departmentstore #malls #fashion #ecommerce #brickandmortar #linkedinpostsbymariopace

How are retail space demand, market dynamics transforming? 46.2% of retailers plan to expand their real estate footprint over the next five years. Reasons for this expansion range from enhancing geographical reach, attracting new customers, bolstering online sales, reinforcing brand identity, to outmaneuvering competitors, servicing higher sales, facilitating online sales fulfillment, exploring new markets and enhancing profitability. Full article : https://lnkd.in/d6hbzUuz

Consumer dynamics continue to impact the retail sector. Connect CRE shares the latest insights on consumer spending and tenant demand and how, combined with the lack of new construction, they are affecting the availability of retail space. Learn what this means for the retail market here: https://bit.ly/3T9Hg2X #CommercialRealEstate #CRE #RealEstate #Retail #ConsumerSpending #RetailDemand

"Saving" might be a little dramatic - but this article does a good job in highlighting the strategic integration of online and physical retail, offering insights into adapting operational strategies for a more cohesive approach. Just last week, there was an article in Bisnow - "A Decade of Demolition Without Substantial Development Has Reset Retail" - providing additional reasons for the strength of certain retail sectors. The occupancy rate across the retail portfolio that our firm manages is in the 97-98% range. As one would expect, there are number of variables driving the performance of the retail sector - from a strategic standpoint, it is important to analyze the interconnectedness of each such factor. #commercialrealestate #realestate #retail #strategy https://lnkd.in/e3-3j5eD

For all the transformation brought by the web, brick-and-mortar shopping still makes up 84% of retail. Why it matters: The retail apocalypse — predictions for which grew especially loud during the pandemic — never happened, Axios' Emily Peck writes. 🛒 Between the lines: Americans love shopping. "We are social beings, we enjoy being out and one of the things we like to do when we're out is to shop," says Thomas LaSalvia, head of commercial real estate economics at Moody's Analytics. That's why the whole notion of a retail apocalypse "never made sense in the first place." Side effect of the boom: A good retail space is getting harder to find with the vacancy rate for shopping centers — essentially any retail spaces outside the mall — at a 15-year low. Reality check: Malls, particularly the less high-end ones, have been on a slow decline for several years and aren't faring as well. The national mall vacancy rate was 11.2% in the third quarter of 2023, about 2 percentage points up from pre-pandemic levels, per Moody's Analytics. The bottom line: What's emerged is a more resilient landscape. These days e-commerce and physical retail now complement each other. Opening a brick-and-mortar store can even increase a brand's online sales, according to a recent study. Closing a store has the opposite effect.

🇺🇸🎄Day 9 of 12 Days of Insights 🎄🇺🇸 The rise in cost of living expenses has had a significant impact on consumer spending power this year. Today’s results reflect this as well as a slowdown in consumer spending which has contributed to a weakening in U.S. downtown pedestrian traffic. Watch Day 9 here: https://lnkd.in/eKZ3emwr #consumerbehaviour #retailinsights #retailtrends #retailtechnology #shopperinsights  #christmas2023 #retail  #footfall #retailanalytics #proptech #downtowns #shoppingcenters

Looking for insights on the US shopping center market? Our friends at Cushman & Wakefield have got you covered! Check out their latest US MarketBeat Report for Q4 2023 and get up-to-date on the latest trends and developments. Attention retailers! Are you keeping up with the latest market trends? Which trends do you find most challenging to navigate? Let's start a conversation in the comments below! #retailrealestate #commercialrealestate #markettrends