NEW RESEARCH: Shopping Centre & High Street Spotlight Q1 2024 With recent high profile insolvency offset by significant acquisition activity, is the market about to see a significant renaissance, or simply experiencing its usual churn? Easing inflationary pressure has certainly had a positive impact on the direction of consumer confidence; as a result the retail market has seen the disparity between the volume of products sold and the value of retail sales begin to retract. Meanwhile, the anticipation of a recovery is leading to a hiatus in investment activity. Read the latest report from Savills Global Retail and Leisure here: https://lnkd.in/eWTuXYGV #savills #retail #highstreet #shoppingcentre
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A new report from CBRE shows that most street retail districts are doing well, with foot traffic in prime areas expected to return to pre-pandemic levels by Q3 2024 and exceed those levels by 2025. During the pandemic, retailers took advantage of low rents to lease more space. Now, investors are benefiting from rising rents in prime areas, with a 9% increase in the Americas and a 5.8% increase globally since 2021. This article by the THE WORLD PROPERTY JOURNAL provides more detailed info: https://lnkd.in/gbziBR4c #IntegrisVentures #RealEstateOperator #Retail #CommercialRealEstate #FootTraffic
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NEW RESEARCH: High Street & Shopping Centre Spotlight Q2 2024 In our latest Spotlight we examine how the retail leasing and investment markets have performed over the past three months, and explore the trends which will shape the performance of shopping centre and high street retail for 2024. Key takeaways this quarter include: 📈 Consumer trends: Disinflation, coupled with a strong mandate following a Labour election victory, sees further improvement in consumer confidence and subsequently retail sales performance. 🛍 Occupational trends: With operator appetite for new openings continuing to grow we focus on what has happened to Wilko stores across high streets and shopping centres since its administration. 🤝 Investment trends: A return of larger prime shopping centre investments to the market has triggered some institutional investor interest in the sector. We expect FY 2024 volume to exceed £2bn for the first time since 2016. Check out Savills latest findings here: https://lnkd.in/dR3mAiXV #retail #hightstreet #shoppingcentres
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For the first time in decades, shopping centres are back in the spotlight. With rental growth and low vacancy driving performance, shopping centres and retail parks are proving their resilience in today’s market. Explore our 2025 Global Investor Outlook report to find out more and to see the other asset classes investors are eyeing in 2025: https://lnkd.in/ejeJSxKy Luke Dawson #ColliersEMEA #ColliersResearch #commercialrealestate #shoppingcentres #capitalmarkets #CRE #globalinvestment
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Great rundown of some of the (positive) trends we are observing in terms of store openings, and net absorption of retail space nationally. This asset class is certainly chugging along with another year of positive absorption and significant net growth in store openings. About 1/3 of all new stores are discount related. About 1/3 are apparel, and a little more than 20% are grocery/convenience.
Retail real estate has undergone a significant transformation over the last several years, emerging from periods of uncertainty to achieving record-low vacancy rates. In this #RetailRundown, James Bohnaker explores this continued growth and key sectors driving the surge in occupancy. > > https://cushwk.co/3WJjaOG
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Inside the latest issue of Shopping Center Business ⤵ High Costs, High Demand Defines Today’s Retail Reality Many of California’s retail spaces are still sought after by tenants, but the high-cost environment proves challenging when it comes to making actual moves — whether you’re a tenant, landlord or investor. By Nellie Day; insights from – Brad Umansky, CCIM, Progressive Real Estate Partners; Scott Agajanian, City of Murrieta; Chris Premac, Coreland Companies; Kimberly Wright, Riverside County Office of Economic Development; Todd Nathanson, illi Commercial Real Estate; John Hickman, NewMark Merrill Companies, Inc. Inside This Issue: ✴ Chicago Suburbs Shine Leasing and sales fare better in suburban areas, but downtown projects in the works offer a glimpse of a rebound. By Kristin Harlow; insights from – Chris Bobowski, Cushman & Wakefield; Kathleen Brill, Cullinan Property; Rick Scardino, Lee & Associates Commercial Real Estate Services; Corrine Cecil, Brixmor Property Group; Marget Graham, Mid-America Asset Management Inc.; Mitchell Kiven, Marcus & Millichap; Brad Belden, Colliers. ✴ The Blessings of Bankruptcy Retail bankruptcies present an opportunity in an environment where occupancy is tight and supply is limited. By Mike J., Big V Property Group ✴ Why Is Retail Vacancy So Low Across the U.S.? With little development of new retail space during the past 17 years and new uses leasing up available space, retail landlords have reasons for optimism, even in a period of high interest rates and persistent warning signs for the U.S. economy. By Rudy Milian, CRRP, Woodcliff Realty Advisors, LLC Read the issue: https://lnkd.in/e8wD9Ntz #ShoppingCenterBusiness #Retail #CRE #CommercialRealEstate #Bankruptcy #RetailVacancy
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Over a decade ago, commercial real estate investors and their stables of advisors predicted the impending death of retail. As stores saw less foot traffic in favor of online shopping, the term “retail apocalypse” was coined, referring to the closing of many brick-and-mortar stores nationwide. The pandemic intensified these challenges in 2020, leading to widespread store closures, a significant decline in foot traffic, and a real sink-or-swim environment, in which businesses were challenged to adapt to the needs of their customers, employees, and local regulations. To read more regarding the innovative strategies retail stores are implementing to stay relevant, visit https://lnkd.in/ef6aHmQ4. #commercialrealestate #CRE #appraisals #ValbridgePropertyAdvisors
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In the ever-evolving retail landscape, the giants are outpacing the underdogs. As landlords navigate rising costs and high demand, national credit tenants are becoming the preferred choice. Despite these trends, there's still a crucial role for unique, local shops in creating vibrant, diverse shopping centers. The challenge? Striking the right balance to keep both landlords and consumers happy. 🏪✨ Read more: https://bit.ly/4653qbD #RetailTrends #CommercialRealEstate #RetailMarket #NationalTenants #LocalBusinesses #RetailStrategy
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The current market conditions present a compelling case for investing in retail centers. In a climate of decreasing interest rates, acquiring retail properties brings distinct benefits. Lower interest rates translate to reduced borrowing costs, enhanced cash flow, and the potential for greater returns on investment. The ripple effect of lower rates typically results in heightened consumer spending, driving up foot traffic and sales for tenants, which is advantageous for both landlords and tenants. Moreover, real estate assets tend to appreciate as they garner increased attention from investors in such economic environments. For those contemplating business expansion, now is an opportune moment to enrich your portfolio and optimize your investment returns. Seizing this moment could prove to be a strategic move to capitalize on the advantages offered by the current market dynamics. #RealEstate #Investing #RetailInvestment #InterestRates #CommercialRealEstate
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The convenience store sector is thriving – in 2023, it solidified itself as a retail powerhouse, reaching a staggering $860 billion in sales. With over 500,000 square feet leased last year, it's clear this market is not slowing down anytime soon. What’s driving this momentum? My latest blog dives into the trends behind this remarkable growth and what it means for the future of retail real estate. Click here: https://bit.ly/4eRbujx. #retail #ColliersRetail #CRE #retailrealestate
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Tackling #highstreet challenges, #placemaking
7moReally interesting and insightful. Thank you…! 👏🏻👏🏻👏🏻