Mark Smith’s Post

“Retail real estate is transforming as consumer preferences shift towards experiential shopping. In 2024, we’re seeing an increased demand for mixed-use spaces that blend retail, entertainment, and dining. “What trends are you noticing in your area?” “What’s been your experience so far? Let’s compare notes on what’s working and what’s ahead.” #RealEstate #RetailRealEstate #CommercialRealEstate #RetailIndustry #RetailTrends #PropertyInvestment #MarketTrends #IndustryInsights #RealEstateInvesting #InvestmentOpportunities #BusinessGrowth #RealEstateDevelopment #RetailInnovation #MixedUseDevelopment #SustainabilityInRetail #LetsTalkRealEstate #RealEstateDiscussion #RetailTalk

The October issue of Retail & Restaurant Facility Business has arrived, see how REIT is changing the seen of malls on the cover — The Placemaker PREIT is redefining the role of malls by transforming them into vibrant community hubs. By Katie Lee; insight from Joe Aristone, PREIT.   Inside This Issue: An Ounce of Prevention Best practices for stopping roof leaks before they start.  By Jenn Poultney, Simon Roofing   Molding Facilities for Each Generation Meeting the evolving needs of the multi-site facilities sector.  By Chris Jernigan, Vixxo   Going the Distance Kitchen cleaning and maintenance is a marathon, not a sprint.  By Nathan Willard, HOODZ International   Diffusing the Situation How retailers can maintain optimal airflow and air quality by using non-metal diffusers to enhance the efficiency of their HVAC system.  By Marc Mascarello, InviAir   Growing Grocery How omnichannel can unlock and accelerate growth in the grocery sector — and can save retailers billions of dollars.  By Tony Atti, Ph.D., Phononic Inc Read the issue: https://lnkd.in/eFEfFqQ9 #Retail #Restaurant #Mall #Development #CRE #CommercialRealEstate

Look for Value-Add Opportunities in Retail Centers? Retail is evolving, and the focus is shifting towards value-add properties that can be repositioned to attract higher-paying tenants. We’re seeing demand for mixed-use retail centers that combine shopping, dining, and service providers.   Interested in learning about our next retail investments? Drop us a message! #altunascapital #retailcenterinvestments #texasinvestments

Gradually, then suddenly…

Building on CoStar Group reporting from last week which identified that #Chicago's recent #RetailRealEstate move-in's were mostly happening within community and neighborhood center properties. This week, it looks like the majority of new #Retail move-in's are entertainment and/or experiential-focused retailers. Furthering, as an example, there is chatter of an experiential #HarryPotter store which is currently negotiating for space on the #MagMile. This would be a welcomed attraction for a stretch of #CommercialRealEstate which as had vacancy rates reach as high as 33% in recent times. Experiential attractions, whether that is an arcade, mini-golf course, or something else, has been an effective method of increasing foot-traffic for retail assets, especially those which favor driving over walking. #CRE #Markets #Finance #RealEstate

In a culinary landscape where consumers demand convenience that meets quality, the fast-casual sector has emerged as a pivotal player in experiential retail. As noted in the Nation's Restaurant News, this category not only satisfies diners’ cravings for delicious meals without the wait, but enhances the overall appeal of mixed-use developments. Brands like CAVA and Shake Shack have shown remarkable resilience, with sales in this segment rising by 11.2% in 2023, and valuation projected to grow at a compound annual rate of 10.4% through 2032. The growth of fast-casual has made it a key investment for CRE professionals, driving foot traffic and enhancing the customer experience in developments. This aligns with Pebb’s hospitality-focused approach to fostering vibrant, community-driven spaces, a predominant cornerstone of the firm’s current office and mixed-use projects in West Palm and Delray Beach.

"Meridian Secures Asian Fusion Lease in East Village for New Restaurant" Read the full article below..

More and more cities are utilizing open retail spaces like District 121 to promote a sense of community. What we found is that this also increases the amount of time people spend in a space, which leads to more shopping and dining. #Retail #District121 #OBrienArchitects #Mckinney #MasterPlanning

I’ve wanted to read this book for years, and I finally did. I can’t recommend it enough. Will’s journey to transforming Eleven Madison Park into the world’s best restaurant is fascinating, and his method of pursuing that goal through Unreasonable Hospitality is priceless. Regardless of your industry, there’s immense value in learning how to be genuinely hospitable and make people feel comfortable and special while building authentic connections. With two stores (@replayguitars & @cuvee.wine), I believe retail could benefit from this knowledge more than any other industry. Retail professionals must understand that their field is also a form of hospitality, especially in the age of e-commerce and the decline of brick-and-mortar stores. True hospitality, meaningful face-to-face interactions, and unique experiences are the only things that will save the physical store. #unreasonablehospitality #retail #hospitality #hospo #brickandmortar #ecommerce Will Guidara

Transforming restaurant and retail dreams into reality, one build at a time. #RestaurantDevelopment #CommercialRealEstate #RestaurantSpaces #CREdevelopment #PropertyDevelopment #InvestmentOpportunity #UrbanDevelopment #RealEstateInvesting #DevelopmentProjects #CREInvesting #CommercialConstruction #BuildingProjects #ConstructionIndustry #DevelopmentSites #ConstructionManagement