Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
Recently, Amazon unveiled their newest concept called Amazon Go. While Amazon has taken over and changed the face of many industries, most notably books, they have been looking to get into grocery.
While big investors like General Growth Properties and Simon Property Group are shifting their focus to prime properties in desirable locations —those that offer heavy foot traffic and are command the attention of high-end retailers— doors are opening for smaller investors who believe in the value of second-tier malls.
By all estimates, the back-to-school season will have pulled in more than $75 billion dollars. It is second only to holiday shopping in the highest grossing retail season. With more consumers shopping via mobile than ever before, where can retailers expect to see the highest sales this holiday; online or in store retail?
If you can attract customers to your store through their mobile devices, you are reaching an audience that looks at their phones all day long and carries them everywhere they go. When they’re bored, while they’re taking the train to work, they are checking their phones and surfing online.
Retailers face significant challenges with the reverse supply chain due to the rise of e-commerce and free returns, impacting their bottom line and requiring innovative solutions to manage returns efficiently.
Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.
Retail construction is leading all other property types, growing nearly 25% in 2015 over the previous year. The hard-hit retail sector is coming around, and a large portion of the building going on in retail is renovation rather than new construction.
The U.S. population saw overall growth of 9.7% in the years between 2000 and 2010, but growth in urban areas was higher, at 12.1%. Urbanization is a significant feature of growth around the world, and has considerable impact on commercial real estate.
As the landscape seems to shift beneath the feet of retail, developers are finding innovative ways to bring consumers and retail together. An idea that is gathering momentum in many cities is what’s known as Transit-Oriented Development.