Landlords need to take an active role as troubled retailers face bankruptcy. The old playbook of waiting to address leases in bankruptcy is over. In today’s environment, where chainwide liquidation is becoming an increasingly common outcome, landlords cannot afford to be passive. It is crucial to proactively engage with tenants, understand their financial health, and be prepared to negotiate and adapt lease terms to help them avoid bankruptcy court. Consider what has happened in American retailing since the pandemic. While some sectors thrived during the initial COVID-19 lockdowns and the …
Atlanta’s next retail boom is being driven by Millennial demand. Developers and investors are witnessing a trend that Atlanta retail activity is quickly expanding to its outer suburbs, fueling a new chapter of growth for the market. “There’s a lot of momentum and growth happening, not just in the city of Atlanta, but when you really start looking at the MSA as a whole,” says Michael Berk, vice president of SRS Real Estate Partners. “The thing about Georgia and Atlanta is there’s no natural boundary that will inhibit growth.” Berk …
Florida’s retail sector continues to thrive due to sustained economic success, with traditional developments filling the gaps around the state. When asked what makes Florida appealing from a retail perspective, Steven Miskew, CEO of Southeast Centers, put it succinctly: “The good macro-economic drivers are here: population growth, lack of supply and low vacancy, all in a pro-business environment.” As Miskew asserts, Florida’s population continues to swell as approximately 1,755 people move into the state daily, according to 2023 data from online self-storage platform StorageCafe. Additionally, U-Haul has ranked Florida as …
Retail-to-restaurant conversions have proven to be a profitable real estate strategy for Golden Corral. The rising costs of new development present an opportunity for retail and restaurant brands to rethink their expansion strategies. One of the most effective ways to fuel growth while mitigating high development costs is by repurposing second-generation spaces — previously occupied retail locations — into thriving restaurant concepts. Golden Corral is leading the charge, targeting these spaces as prime opportunities for conversion and rapid expansion. Why Second-Generation Retail Spaces Work for Restaurants The retail sector is …
How QSRs are powering the rise of hyper-local retail real estate. The quick service restaurant (QSR) industry is reshaping retail real estate by capitalizing on the “15-minute city” trend — a movement where people can access essentials within a short walk, bike ride, or delivery window from home. This shift, fueled by evolving consumer behavior, urban densification, and the rise of digital ordering, is pushing QSRs to prioritize hyper-local presence over traditional highway or regional hubs. The result is a transformation in both real estate development and the metrics that …
Bojangles takes a look at location design and its impact on operations, franchisee success and guest experience. Restaurant design plays a critical role in the success of any QSR brand. From streamlining operations and supporting menu execution to shaping the guest journey, every design decision has a direct impact on restaurant performance. At Bojangles, our approach to location design evolves as we continue to grow as a brand. And, with nearly five decades of experience behind us, evolving with changing consumer, operations, menu, financial and technology trends is something Bojangles …
How healthcare-adjacent retail development is prescriptive for community-centered design. In today’s evolving retail landscape, one of the most promising — and often overlooked — opportunities lies in the land surrounding our nation’s hospitals and medical centers. As healthcare systems continue to expand and consolidate, savvy development executives recognize the immense potential of strategically positioning retail properties in locations that are adjacent to major medical facilities. Doing so combines consistent foot traffic, demographic advantages and an urgent need for community-focused amenities. This was the scenario that RDC’s placemaking design team faced …
Targeted activity is propelling California’s retail market forward as investors chase core assets and consumers drive demand, despite the continued presence of high costs and development hurdles. California’s retail market is a bit of an enigma nowadays. That’s because it’s both resurgent and restrained, as Jimmy Slusher, senior vice president of CBRE’s National Retail Partners-West team, notes. “Retail in California remains resilient despite a more complex economic and political backdrop,” he explains. “While interest rates remain elevated, debt capital for retail has increased, with strong lender demand and relatively tight …
Boasting strong, steady real estate fundamentals, unanchored shopping centers remain in high demand — but good luck finding available product to acquire. Investment sales for anchored and unanchored open-air centers remain strong — thanks to their unwavering, stable fundamentals. What makes open-air strips a desirable property type is they are both recession-proof and internet-proof — meaning people will always need the product or service, and they can’t get it online. Rob Holuba, managing director of CenterSquare Investment Management, has a name for these irreplaceable spaces: Essential Service Retail (ESR). In …
Disconnects between buyers and sellers, higher interest rates and uncertainty in the market led to a stagnant market for single-tenant retail properties in 2024. Many see an upturn ahead for 2025. Deals are getting done in the net lease sector, just not with the volume or velocity that industry veterans would like to see. Higher interest rates have hampered transactions in most commercial real estate sectors, leading to a slowdown in 1031 transactions, which the net lease sector is extremely dependent upon. Those in the industry are positive about 2025, …