From The Magazine

Amid population and job growth, retailers see the Lone Star State an ideal territory for expansion. But tight conditions and high construction costs are creating challenges. The economic growth engine that is Texas continues to drive retail demand. With many major markets near full occupancy in urban and mature suburban neighborhoods, developers who launched grocery-anchored and other projects in the Dallas-Fort Worth (DFW) Metroplex as well as in and around Austin and Houston are well-positioned to take advantage of the fast-growing regions.  That’s especially true as the increasing cost of …

Food-and-beverage operators compete for coveted real estate in the Southeast.  Chicken and coffee are a somewhat unlikely, if alliterative, pair. In the Southeast though, they are currently linked by virtue of the so-called “Chicken and Coffee Wars.”  Previously, a similarly martial and poultry-centric moniker — The Chicken Sandwich Wars — described the fierce competition and marketing trends among fast food brands as they battled to create the best chicken sandwich — or at least the one with the best performance among consumers.  Now, amongst brokers in the Southeast region, Chicken …

With more than 600 locations nationwide (and counting), Atlanta-based Moe’s Southwest Grill remains focused on growth — and on flexibility. According to its chief brand officer, Tory Bartlett, Moe’s will continue expanding in new markets and in new formats to meet guests where they are. Thanks to the introduction of new prototypes, Moe’s is able to provide franchisees with flexibility to develop with competitive real estate and in more urban environments, as well as prioritize the shift in consumer demand from in-restaurant dining to off-premise businesses. In December 2022, after …

No market is immune to the consequences of current economic conditions. Certain sectors of commercial real estate, though, are better equipped to weather headwinds, primarily rising interest rates. Retail as an asset class has proven itself to be an exemplar of this. Brokers and developers say that this is especially true of Atlanta’s retail market.  In the words of Dotan Zuckerman, executive vice president of retail with Portman Holdings, “retail is the shining star” and one that is “always capable of evolving.” But is difficult to participate in the economy …

Retail in Florida has proven to be a consistent winner, even as the state encounters the same macroeconomic headwinds hitting the rest of the country. Fueled by growing demand and lower supply, the sector, and leasing activity in particular, is boasting unparalleled performance.    Brokers and developers working in the state who were interviewed for this article uniformly point to the sustained population surge as the driving force behind the success of retail real estate throughout the entirety of Florida.  Joe Gallaher, a partner with NAI Miami|Fort Lauderdale, puts it …

Owners are incorporating new uses and tenants that help foster an environment where consumers want to linger. The future of retail has been questioned many times in the last few years, but the sector continues to evolve and overcome the obstacles that arise. Today’s consumers want a gathering place to dine, drink and be entertained, especially after the isolation and stay-at-home mandates they endured throughout the pandemic. With that in mind, owners are redeveloping many underutilized retail properties into new concepts that invigorate the towns in which they reside. Take …

Brokers and developers describe the two-state region as one that poises retailers for success. Retail following rooftops has long been an adage of the commercial real estate industry, and North Carolina and South Carolina are proving to be a case study in that very pattern. Retail brokers and developers working in the two states say that despite the trials of the past few years, the region, which offers a climate friendly to residents and retailers alike, is performing well and proving the calls of retail’s demise alarmist at the least, …

Of all the commercial real estate sectors, retail has inarguably been through more challenges over the last decade with the advent of online shopping and the concurrent influx of people to cities — leaving suburban shopping centers and malls to struggle for tenants — and then, of course, the pandemic. Many retailers, developers and owners simply gave up. Heritage Partners CEO Terry Richardson saw opportunity. “We have developed, owned and managed my own properties, constantly strategizing for the best location, tenant mix, financial returns — and monitoring trends,” says Richardson. …

Brokers and developers say the region, where retail is outperforming expectations, offers a warm embrace and opportunity for residents and retailers alike. Skies aren’t the only thing that are sunny in North Florida as the region’s retail market is exceeding expectations and defying macroeconomic headwinds. Michael McNaughton, chief operating officer at Sleiman — a shopping center owner and developer based in Jacksonville — says that the region’s outlook is “extremely bright” heading into the new year. Though not without their challenges, recent months have seen strong property-level performance of retail …