Velocity Management Services

The 2024 Velocity Retail Group Christmas Party took a mysterious turn this year! We kicked off the holiday season with a Murder Mystery Luncheon at The Gladly in Phoenix, where secrets were revealed, suspects were interrogated, and plot twists kept us guessing until the very end. Between cracking clues, sharing laughs, and indulging in amazing food, the team embraced the perfect mix of suspense and holiday cheer. A huge thanks to The Murder Mystery Company for keeping us on our toes and making this event one to remember! Here’s to a season of joy, intrigue, and a bit of mischief. Wishing everyone at Velocity Retail Group a holiday filled with surprises (hopefully no mysteries to solve this time)! #VelocityRetailGroup #MurderMysteryLuncheon #HolidayParty #TeamBuilding #PhoenixEvents

We're proud to share that our founder, Dave Cheatham, had the honor of being a speaker at the 2024 Redemptive Real Estate Reimagine Summit in Dallas, Texas! This transformative event brought together real estate leaders from across the country who are united by a shared vision: using our industry to honor God and uplift communities.   Redemptive Real Estate’s mission is to connect, inspire, and resource like-minded leaders to amplify the impact, influence, and investments of redemptive real estate practices. By breaking down silos and forming meaningful partnerships, RRE aims to elevate industry standards and accelerate projects that truly transform lives and neighborhoods.   This event was an incredible opportunity to contribute to a movement that celebrates God-honoring work in real estate. We’re inspired by the vision of the Reimagine Summit and the many leaders working to leave a legacy that extends beyond transactions—one that enriches lives and honors a higher purpose.   If you attended the summit, we’d love to hear your biggest takeaway! Let us know in the comments below. #RedemptiveRealEstate #ReimagineSummit2024 #RealEstateLeadership #PurposeDrivenRealEstate #CommunityTransformation #GodHonoringWork #IndustryInnovation #DaveCheatham #VelocityRetail

Last week, our own Darren Pitts joined the Retail Round Up at Connect CRE's Connect Retail West event in Los Angeles, where he fielded some great questions from Sarah Quinn of Connect CRE. The conversation was dynamic, covering everything from the post-COVID shift in leasing activity to who’s expanding, who’s contracting, and where key opportunities lie as we move into 2025. Darren also highlighted our recent deal to bring Buc-ee’s into Arizona - a major step for experiential retail in the region. They also addressed challenges in new development, the role of automation and AI in the restaurant sector, and how fluctuating interest rates are affecting capital flow and deal volume. It was a fantastic conversation on where retail is heading and the strategies shaping it. We’re looking forward to next year’s event! #ConnectCRE #RetailTrends #RetailLeasing #CommercialRealEstate #CRE #WestCoastRetail #FutureOfRetail #RetailExpansion #AIinRetail #RetailDevelopment

Despite a three-day strike by dockworkers at East Coast and Gulf Coast ports, the import cargo outlook for October remains strong. According to the latest Global Port Tracker report from the National Retail Federation and Hackett Associates, October's import volume is projected to reach 2.12 million TEUs, a 3.1% increase year-over-year. This forecast comes despite the recent strike by the International Longshoremen’s Association, which temporarily impacted operations but was quickly resolved. With the existing contract extended through mid-January, the priority now is for both parties to negotiate a long-term agreement to avoid further disruptions. While the strike did lead some retailers to adjust their supply chains, the ports are expected to recover in time to meet demand, and no significant impact on the holiday shopping season is anticipated. In August, U.S. ports handled 2.34 million TEUs, up 19.3% year-over-year, marking the highest volume since May 2022. Looking ahead, the surge in imports is expected to bring total 2024 volume to 24.9 million TEUs, a 12.1% increase over 2023. While some short-term delays on the East and West Coasts are expected, overall cargo flow remains steady. https://lnkd.in/gzTFdwmm #SupplyChain #RetailTrends #PortOperations #GlobalTrade #Logistics #EastCoastPorts #CargoForecast #RetailLogistics #HolidaySeason #CommercialRealEstate #TEU #PortCongestion

The Home Depot's iconic 12-ft skeleton has become a Halloween staple, but what happens after October 31st? This year, the retailer is encouraging spooky fans to get creative and keep Skelly up all year long! The retailer suggests dressing up Skelly for every occasion: Santa for Christmas, a beach bum for summer, or in your favorite sports team colors – we’ve even seen Skelly promoting its favorite political candidate. Before making Skelly a year-round resident, consult your local HOA guidelines or zoning laws. While some cities, like Phoenix, don't have specific yard art regulations, permanent front yard structures might require a use permit. Most importantly, be considerate of your neighbors. Get inspired with more Skelly costume ideas here: https://lnkd.in/gbdX7Pgy #HomeDepotSkeleton #SkellyAllYear #HalloweenStaple #YearRoundDecor #HomeDepotFinds #SkellyStyle #CreativeDecor #HOAGuidelines #YardArtInspo #SeasonalDecorIdeas #12FootSkeleton

Phoenix's industrial real estate market is surging with record-breaking numbers in Q3 2024. With $2.39 billion in year-to-date sales - a nearly 44% rise from last year - it's clear that investors and developers are betting big on this region. The Southeast submarket is leading the charge, securing 41.2% of sales volume, while the largest acquisition of the quarter saw BlackRock invest $128.1 million in The Cubes at Glendale, fully leased by Amazon. New construction is booming, too, with 26.8 million square feet delivered so far this year. But the flood of new space has raised vacancy rates, now at 10.1%. Despite this, net absorption has been strong with 1.9 million square feet absorbed in Q3, marking 18 consecutive quarters of positive absorption. Much of this demand is concentrated in the Northwest and Southwest submarkets. The high vacancy in new buildings is cooling rental rate hikes, especially in the Southeast submarket. Still, overall rates have climbed 63.7% in the last three years, making Greater Phoenix a top industrial market to watch. The market’s future looks promising, especially as California’s new regulations on large warehouses are expected to drive more tenants to Arizona, where development is more favorable. https://lnkd.in/gEStXHmw #IndustrialRealEstate #CRE #PhoenixRealEstate #IndustrialDevelopment #CommercialRealEstate #Construction #amazon #blackrock

The Velocity Retail Group team had an absolute blast at the X Team Retail Advisors' 2024 Fall Forum in Cincinnati!  We joined forces with retail experts from nearly 50 markets across the country, diving into networking, brainstorming, and fresh insights that we’re excited to bring back to our clients! With a powerful network of over 350 real estate pros across 40+ markets, X Team Retail Advisors creates unmatched opportunities for collaboration and knowledge-sharing. The energy was high, the conversations were inspiring, and the strategies were flowing! From the latest in tenant representation and food and beverage trends to investment sales and landlord strategies, the panel topics were spot-on and gave us the pulse on what’s happening in retail right now. Ready to put these insights into action and already looking forward to the next one! #RetailRealEstate #CRENetworking #XTeamRetailAdvisors #RetailForum2024 #TenantRepresentation #FoodAndBeverageTrends #InvestmentSales #LandlordStrategies #CREUpdates #RetailPowerNetwork

Throwback Thursday! Ever wondered how modern supermarkets with their endless aisles of choices came to be? It all started in 1916, when Clarence Saunders introduced the world to Piggly Wiggly - the first self-service grocery store. This revolutionary concept allowed customers to pick their own items, changing the way we shop forever. Check out this video to learn how a Tennessean’s vision transformed the grocery industry and laid the groundwork for the supermarkets we use today. #RetailHistory #Innovation #GroceryStores #Supermarket #BusinessHistory #Entrepreneurship #ClarenceSaunders #RetailRevolution

Back-to-school shopping gave malls a big boost this year! According to a Placer.ai report, foot traffic in indoor malls surged by 7.3% compared to last year. And it wasn’t just enclosed malls that saw this growth—open-air shopping centers and outlets experienced similar gains. Certain retailers, like American Eagle and Abercrombie, continue to resonate with teens thanks to stylish, affordable offerings. Interestingly, even Dick’s Sporting Goods has become a back-to-school favorite, with kids shopping for sports gear and trendy athleisure wear. Looking ahead, malls are focusing on more than just seasonal shopping to keep the momentum going. A growing trend is the combination of retail with entertainment, such as arcades and eat-and-play experiences, to keep shoppers engaged and spending more time at physical locations. While some lower-tier malls are facing challenges, successful centers are proving that the right mix of retailers, experiences, and shopping options-like buy-online-pick-up-in-store-can still attract consumers. The recent surge in traffic shows that physical retail is evolving and remains relevant in today’s retail landscape. #RetailTrends #ShoppingCenters #BackToSchool #Malls #CRE #Retail

Omnichannel shopping is like a relationship with no hard boundaries-consumers are all in, whether they’re clicking from home or strolling through aisles. According to Kroger’s data-savvy arm, 84.51°, omni-shoppers are showing equal love for both online and in-store options. In fact, 40% shop mostly online, 40% shop mostly in-store, and 20% are splitting their time between both, like true retail multitaskers. The reasons for choosing each mode are telling: online shopping wins for its low-stress vibe (58%) and avoiding crowds (53%), while in-store wins when shoppers want to pick their own items (56%) and avoid extra fees (51%). And if you thought people cared about picking out their own toilet paper, think again-76% of shoppers are perfectly fine clicking "add to cart" on paper products, but they’re all about handpicking bakery goods (77%) and fresh produce (75%). Omnichannel insights like these remind us that understanding your customer’s habits-whether they’re checking out from their couch or filling up their cart in-store-keeps your retail strategy on point. https://lnkd.in/gRgaizXA #RetailTrends #OmnichannelShopping #CustomerExperience #OnlineShopping #InStoreShopping #ConsumerBehavior #RetailInsights