SCBlog

Retailers Look to Capture the ‘Laptops and Lattes’ Crowd

by Alex Tostado September 25, 2019

Los Angeles — The four F’s may need to move over: there’s a new consonant in town. While fun, food, fitness and fashion are still category staples in shopping centers, retailers at ICSC’s Western Conference & Deal Making event, held Sept. 16 to 18 at the Los Angeles Convention Center, are now interested in courting the two L’s: laptops and lattes. “We do really well with the laptops and lattes crowd,” said Felicia Alexander, a Health & Wellness panelist and co-founder and co-owner of BoxUnion boxing studio. “We look at daytime …

September 25, 2019

Retailers SCBlog

How Gen Z is Shaping the Future of Atlanta Retail

by Alex Tostado September 18, 2019

Throughout history, new generations have come along with fresh attitudes and expectations that differ from those of previous generations. By taking a deeper dive into the demographics and psychographics of Generation Z, retailers can alter the way they utilize their brick and mortar locations and the function of these stores in driving overall sales. “Gen Z” refers to those people born between the mid-1990s to the mid-2000s. Gen Z is increasing demand for experience and thought leadership within Atlanta’s fast-growing retail scene. These digital-age youth, who are quickly on track …

September 18, 2019

Entertainment Mixed-use SCBlog

Winning Big with Competitive Socializing

by Alex Tostado September 9, 2019

From axe throwing and bowling to gaming lounges and escape rooms, entertainment users that feature competitive activities are rapidly expanding into traditional retail centers. A recent study by JLL coined the term “competitive socializing” to describe this class of new leisure tenants and how they are driving foot traffic to suburban shopping centers and poised for stronger growth. Eatertainment concepts, another term used to describe these concepts which blend an arcade experience with food and beverage offerings, comprise 22.6 percent of the competitive socializing market share and have proven to …

September 9, 2019

SCBlog

The Restaurant Delivery Drive

by Alex Tostado August 27, 2019

Delivery and carry-out is changing the restaurant industry. Like the rest of retail, consumer trends and digital are driving change. New trends are sweeping across the industry from hyper local sourcing to fine casual dining. None, however, has been as impactful as the rapid growth in the delivery and carry-out model. Fueled by shifting consumer preferences, market trends, and opportunities for digital ordering, the growth in delivery is impacting restaurants across the operational spectrum from space and personnel requirements to recipe development and revenue per order. In this post, we’re …

August 27, 2019

Features New York Retailers SCBlog

Reis: National Retail Vacancy Experiences First Drop Since 2016

by Alex Tostado July 9, 2019

New York City — The national retail vacancy rate fell 10 basis points to 10.1 percent in the second quarter, according to New York City-based commercial real estate data firm Reis. This is the first time in which vacancy has declined since the first quarter of 2016. For context, in the second quarter of 2018, the rate had risen 20 basis points to 10.2 percent and remained flat at that rate through the first quarter of this year. The tightening of available space is in contrast to the larger talking …

July 9, 2019

Features Retailers SCBlog

Q&A: Best Practices for Filling Vacant Big Box Space

by Alex Tostado June 25, 2019

Shopping Center Business recently sat down with Cynthia Nelson, senior managing director in the real estate solutions practice at FTI Consulting, to discuss the current retail landscape and tips and tricks for tackling big box vacancies. Tell me a bit about your outlook on the retail landscape at current. We’re going through a huge transformation in terms of how consumers buy retail goods and services and it is taking a toll on our shopping centers. Many big box spaces formerly occupied by retailers like Toys ‘R’ Us are going dark. …

June 25, 2019

SCBlog

Top Five Retail Tenant Lease Protections

by Katie Sloan May 6, 2019

— By Bob Kane, director with Franklin Street — In the 15 years I have represented national, regional and local retail and restaurant groups expanding throughout Georgia and Alabama, I have gained valuable insights into important deal terms that are often overlooked. Here is my top five list of critical protections every tenant should be aware of during the Letter of Intent (LOI) and lease negotiation process. Require the Landlord’s Lender to sign a Subordination, Non-Disturbance and Attornment Agreement (SNDA) – A SNDA agreement protects the tenant if the landlord defaults …

May 6, 2019

Features SCBlog

Integrating Entertainment Into Retail Destinations — It’s More Than Just a Movie Theater

by Katie Sloan January 9, 2019

— By Martin Zurauskas, Managing Director for nFusion — The perception versus reality of the “demise” of traditional retail has long been disconnected. Much of this disconnect is centered on a misunderstanding of retail’s role in the lives of consumers. Today, the role of retail centers is increasingly based upon giving consumers what they demand — entertainment-focused experiences that they can’t get elsewhere. This goes beyond adding a movie theater or bowling alley. Entertainment finally has a real seat at the table in retail development. So how can developers, owners, and …

January 9, 2019

Features SCBlog

Rumors of the Retail Apocalypse are Greatly Exaggerated

by Camren Skelton September 4, 2018

— By Greg Miller, Chief Executive Officer and President of Henry S. Miller Cos. — The retail market, both online and in physical stores, is evolving dramatically due in large part to Amazon’s continuing domination of online sales — i.e. the “Amazon effect.” However, there is no retail apocalypse, just ever increasing disruption. Consumer spending is the main driver of our economy. According to ITR Economics, U.S. retail sales for 2018 are expected to be over $6 Trillion, up 5 percent from last year. Overall retail sales rose 6.4 percent …

September 4, 2018

Features SCBlog

The American Strip Mall…Reimagined for the 21st Century

by Camren Skelton August 6, 2018

— By Sheldon Gross, president and CEO of Sheldon Gross Realty — The future of retail-focused real estate is a hot topic, and has been for quite a while. Everyone seems to have an opinion on the proliferation of big-box chains and the plight both of traditional “Main Street” properties and 1970s-era indoor malls. But there’s another component of the retail real estate spectrum that, to date, has received only limited attention in terms of future prospects. I’m referring to the strip malls that dot the American landscape, typically standing …

August 6, 2018

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