Joe Robinson’s Post

Manhattan awakens: retail shines again! New York's commercial heart beats stronger than ever. According to the latest REBNY report, Manhattan's storefronts are experiencing an unexpected renaissance. Despite rents still below pre-pandemic levels, demand is soaring, especially for small and medium-sized spaces. The secret? A winning mix of growing tourism and gradual return to office. From restaurants to boutiques to comedy clubs, the city is reinventing itself. Not just traditional areas like SoHo, but new neighborhoods are blooming too. The road ahead is long, but Manhattan once again proves its resilience. The future of retail here is being written today! https://lnkd.in/d7fWqU6B #ManhattanRetail #NYCRebound #UrbanRenaissance #NewYork #FifthAvenue #RealEstate #ColumbusInternational

Did you know that nearly $10 billion worth of standalone storefronts have changed hands in NYC over the past five and a half years? Surprisingly, most of these high-volume trades aren't happening in the usual Manhattan hotspots but in outer boroughs like Brooklyn and Queens. Curious about the details? Click the link to check out this insightful article from The Real Deal to see the latest trends in retail building sales: We understand the dynamics of commercial property ownership and offer top-notch maintenance services to keep your retail buildings in prime condition, no matter where they are located. Let's keep NYC's storefronts shining! Click here to read full article: https://lnkd.in/eXJi7v3U #NYCRealEstate #BuildingMaintenance #RetailSpaces #CommercialProperty

As Kate King reported in The Wall Street Journal this week, top-tier shopping centers — like Macerich’s 43 top-quality properties across the country — reported record-high leasing volume last year. We believe that’s largely due to our strategy of listening to our customers and investing in what they want and need. At #Macerich, we know today’s shoppers want to touch, feel and see retail items before they buy. Just as important, our Regional Town Centers are properties with purpose: destinations where communities come together for entertainment, dining, fitness and fun.    We succeed by continually revitalizing our properties, viewing the changing retail landscape as an opportunity. For instance, the recently opened Scheels in a former big-box location at Chandler Fashion Center generates four times what the prior tenant did. Life Time Inc. is thriving at properties like Scottsdale Fashion Square (where membership sold out immediately) and Broadway Plaza. And with grocery, medical uses, coworking, hotels and residential uses, our properties are active from morning to night.    Floris van Dijkum, managing director, Compass Point Research & Trading, LLC, notes: “The good malls are thriving. If you have the capital to reinvest in your malls, that’s how you keep them vibrant and relevant.”    https://lnkd.in/dET2FhD8   #Macerich #WSJ #FutureofMalls #PropertiesWithPurpose #RetailRealEstate #ChandlerFashionCenter #ScottsdaleFashionSquare

A few years ago, bricks & mortar retail was being eulogized as a relic of the past and an outdated concept as e-commerce and online shopping gained momentum. The turmoil in retail at that time mirrors what the commercial office market is experiencing now. A similarly disruptive event struck the office asset class, work from home, that has sent the sector into a sudden and dramatic reorganization. In processing the din of doom and gloom around commercial offices, the underlying theme is that not all is lost. Class A and new build properties are thriving for office tenant leasing. If companies are going to substantially invest in office leases, it is going to be in the best possible space with the most modern finishes and amenities. As the WSJ article below reports, retail is showing the same adjustment. The abandon of B & C grade indoor malls by shoppers in favor of premium open air shopping with experiential opportunities show striking similarities to the trend line in commercial office activity. The ever evolving online world offers a lot of efficiencies in human activities but cannot, yet, replace the experience of leaving your home to connect with the tangible world! 🛍 🏢 🖥 #commercialrealestate #retail #cre

🚨Big News for Kitchener-Waterloo - Fairview Park Mall Sold! The recent sale of Fairview Park Mall from Cadillac Fairview to Westcliff Management Ltd as reported by Real Estate News Exchange (RENX), is a game-changer for the Waterloo Region. This iconic site is poised to play a significant role in shaping the future of Kitchener-Waterloo, not just as a retail destination but as a cornerstone for intensification and growth. With its proximity to the light rail transit (LRT) and the transit hub, Fairview Park Mall is set to drive transit-oriented development, supporting increased residential density, commercial activity, and community spaces. Its strategic location—offering easy access to highways and seamless connectivity to Toronto—makes this a pivotal acquisition. The scale and potential of this site will undoubtedly create its own center of gravity, becoming a vital hub for the region. This is a win for economic development, regional connectivity, and the community at large. Congratulations to both parties on this exciting deal! Looking forward to seeing the transformation unfold. Read more about the acquisition here: https://lnkd.in/guj5cTbw #RealEstate #KitchenerWaterloo #FairviewParkMall #Development #TransitOrientedDevelopment #FutureGrowth

Manhattan's Retail Landscape: Embracing Small Spaces! Exciting developments are reshaping Manhattan's retail scene, and I'm thrilled to share the latest insights! The supply of smaller storefronts hitting the market is on the rise, with a whopping 96.1% of newly added retail spaces measuring less than 10,000 square feet. 📈 This surge in compact retail spaces presents a golden opportunity for entrepreneurs and investors alike to make their mark in the heart of NYC. From charming boutiques to cozy cafes, these smaller spaces offer immense potential for creativity and innovation. Whether you're a budding entrepreneur with a unique concept or an established brand seeking expansion, now is the time to seize the moment and secure your spot in Manhattan's dynamic retail landscape. #ManhattanRetail #SmallBusinessOpportunity #RetailExpansion

#Suburban #retail submarkets continue to outperform urban #submarkets regarding occupancy, even extending the gap, during Q1 2024. This does not mean #urban areas are dying out, as there are clearly exceptions. For example, NYC's Fifth Avenue, the Miami Design District, and Boston's Newbury Street have all been near or at pre-pandemic levels of foot traffic. That said, there is clearly a shift at work, whether from people working from home more, or whether retailers are just eyeing new #expansion strategies. #cbre #cbreresearch #retail

Exciting news for the retail industry in California! Centennial is leading the way with two active redevelopment projects in the state, and Lowe, one of our partners, is also re-imagining a Southern California shopping center. Both companies aim to meet the changing needs of consumers. Check out this informative article to learn more about the future of these malls. #CaliforniaRetail #RetailIndustry #ShoppingCenters #FutureDevelopment

Fresh analysis released by New West End Company today forecasts that the landmark Oxford Street Programme could deliver between 5% - 10% per annum in sales growth for Oxford Street, amounting to a potential benefit of £2.8bn in total additional sales in the programme’s first five years following completion.   Delivery of the Oxford Street Programme coincides with the ongoing shift from transactional retail to immersive retail, cultural and leisure experiences. The soaring demand for a diverse retail mix on Oxford Street is already attracting a wave of renowned global brands like IKEA, Moco Museum, Frameless, and HMV to meet the evolving consumer preferences.   Dee Corsi, Chief Executive, New West End Company, commented: “Oxford Street has long been at the epicentre of retail innovation – today, the street is redefining itself as a flagship destination for retail, leisure, culture and office space, with continued investments into infrastructure and increased demand from occupiers testament to the street’s enduring appeal and future potential” https://lnkd.in/e2rgctHr

Have you ever wondered about the Gateway shopping center at Menaul Blvd NE and Carlisle Blvd NE in ABQ? It seems like it went vacant almost overnight, with Planet Fitness being the most recent loss. The true story behind this 13.5 acre property is very interesting..... Back in the '60s or '70s when this shopping center was just a dirt lot it was leased to a developer and over the next 50+ years that developer built all the retail space you currently see and continued with the ground lease. As the years went by and the end of the ground lease drew closer, the leases between the developer and the retailers were not renewed resulting in the vacant buildings you see today. Fast forward to 2024, that original ground lease has expired and the property has a new, energized owner who has selected RESOLUT RE New Mexico to bring this shopping center back to its former glory. With its proximity to Uptown, its high visibility at one of the major intersections in the city, this shopping center is a valuable location to almost any retailer. And we have something to suite almost any retailer--the individual suites range from as small as 850 SF to as large as 44,000 SF. Click the link below for more details and watch our progress as we bring Gateway Center back to life. https://lnkd.in/g_Z-kypX Daniel Kearney New Mexico Commercial Real Estate Broker Austin Tidwell, CCIM Robert Powell, CCIM Remsa Troy New Mexico Restaurant Real Estate Broker William Stribling Billy Lehmann #retail #realestate #marketing