Joe Brown’s Post

Tampa Bay retail market shines in Q1 2024! With a positive net absorption of 163,401 SF and a vacancy rate drop to 4.1%, the demand for retail spaces remains strong. 🌟 #RetailMarket #TampaBay #CommercialRealEstate #RetailGrowth Colliers Tampa Bay Retail Market Report 24Q1

🛍️ Monday Market Insights - Melbourne’s & Victoria’s Retail Scene 🛍️ According to the 2023/24 Large Format Retail Directory prepared by Deep End Services, the top 10 occupiers by floor space which includes Bunnings Warehouse, Harvey Norman, and JB Hi-Fi, account for over over 2.2million sqm of LFR floor space. With Bunnings alone occupying over 650,000sqm nationally. These anchor retailers have proven to be critical in driving customer footfall and boosting the retail ecosystem, particularly more so in the large multi-tenanted homemaker centres of 20,000sqm or greater. To stay competitive in Melbourne’s evolving retail landscape, stay tuned for more insights and updates in our upcoming posts! #RetailProperty #MarketInsights #EconomicUpdate

Thanks for the co-tenancy audit tip, Brandon! Prioritization is helpful when deciding where to spend your time. This mirrors my observations and doesn't begin to shed light on the quality or quantity of temp tenants in C class malls. #leaseadministration #retailleasing #retailrealestate

Industry News: Survey: Retailers optimistic; new store openings up An annual survey finds retailers optimistic about the future despite inflation and pricing concerns. The new year signals an opportunity for growth and strategic change for retailers in a moderating climate, according to Levin Management Corp.’s (LMC) 13th annual Retail Sentiment Outlook Survey, which surveyed retail store managers in the firm’s 125-property, 16 million-plus square feet leasing and management portfolio. More than 30% of survey respondents anticipate opening additional store locations in 2024 – the highest figure since 2017. This aligns with national trending in which store openings continue to outpace closures, noted LMC. Read full article on: https://lnkd.in/g3x4rSMg ————————————————— 💥Over 16 MILLION Square Feet Represented💥 ✅Visit newenglandretail.com for exciting new property listings! ————————————————— #realestate #newenglandretail #property #forsale #retail #realestateinvesting #business #broker #realestatenews #properties #investor #investmentproperty #connecticut #nerp #newengland #connecticutnews #newenglandrealestatenews

What’s happening in the San Diego Retail market? Here’s a snippet from Ryan King, CCIM’s feature article “Resilience and Adaptability” from Voit’s Q2 San Diego Retail Market report.  “San Diego’s retail market is in a state of dynamic growth, characterized by strong sales performance, competitive leasing activity, and a willingness to embrace change and innovation. The city’s diverse consumer base and vibrant economic environment provide a solid foundation for continued success. Retailers and landlords who adapt to emerging trends and prioritize the customer experience will be well positioned to thrive in this evolving market landscape.” To read Ryan’s full editorial including his insight on recent retail trends, get updated with current statistics, and see our forecast for the next year, view the Q2 2024 Retail Market Report iBrochure at https://lnkd.in/gaQwRE4t. Visit Voit San Diego’s Market Report page at https://lnkd.in/exqqUGNt to view additional market reports. #voitrealestate #voitsandiego #crebroker #commercialrealestate #socalrealestate #marketupdate #marketreports #sior #ccim

Dive into our 2024 #Florida #Retail Trends report: ☀ Florida has 1.3 billion square feet of retail inventory, accounting for 10% of total U.S. retail space. 🌊 Vacancies for the state are at a historical low of 3.2%, not seen since 2007. 🌴 Florida accounts for 21% of new U.S. retail supply in the first half of 2024. 😎 Over the past decade, Florida’s retail sales growth has consistently outpaced the national average. #ColliersRetail #ColliersResearch

🛍️ Monday Market Insights - Melbourne's & Victoria's Retail Scene 🛍️ Q2/2024 Update on retail asset classes - Regional shopping centres in Victoria continue to perform well, driven by strong spending levels and foot traffic. The resilience of these centres is attributed to essential retail like supermarkets and fresh food, alongside high-end brands and experiential services. Key Highlights: -Strong Performance: Regional centres attract high foot traffic and spending. -Investment Interest: Increased catchment areas and potential for income growth drive investment. -Stable Yields: Regional yields remain steady, supporting long-term growth. To stay competitive in Melbourne's evolving retail landscape, stay tuned for more insights and updates in our upcoming posts! #RetailProperty #MarketInsights #EconomicUpdate

In #retail, the right location can make or break your business. Well chosen sites lead to more sales, increased footfall and improved operational costs. Understanding the local area of your proposed new sites is a must to avoid pitfalls. Positioning your stores in areas where you know customers actively shop will not only boost the local economy, but will also help you achieve your business goals. Find out more on how location insights can support your store location strategy: https://lnkd.in/eCCKMuad #RetailStrategy #LocationIntelligence #FootfallData #RetailFinance #SiteSelection #RetailSuccess

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

The results of the CBRE European Retail Occupier Survey 2024 emerge during a time of optimism, as the retail sector and regional economy overall approach the end of a challenging period. The study includes responses from over 60 global retailers with a store network of over 130,000 locations and shows that 71 percent of retailers planning to increase their number of physical stores intend to do so in markets where they are already present. For more information please follow the link in the comments: #retail #stores #locations