Industry insights, market outlook reports and commercial real estate
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Retail sentiment is shifting in a big way. Many analysts point to the decline of nearly 10% in brick-and-mortar retail since last year as a signal that retail sentiment is down. However, the numbers say consumers are spending and optimistic, while industrial took the place of core assets as the second highest producing markets over the last year. Retail sentiment is shifting; here are 3 things you need to know.
There is truth to the belief that there’s a Starbucks on almost every corner. A recent study shows that there are almost four stores per one square mile. With the ubiquity of Starbucks, it is hard to imagine that the company might have reached a saturation point, but it seems that it has come to that point. The study also shows that not only are there Starbucks locations everywhere you turn, but that they are actually hurting each other’s business.
The commercial real estate sector has been seeing a lot of changes over the past several years and the industry has had to figure out how to work through these changes. One of the categories with some of the biggest changes is the grocery sector. From grocery delivery services to consumers looking for more options, there are many factors at play here and it behooves everyone in the industry to pay attention.
Has the in-store experience given way to the online shopping craze? Not quite yet, according to the experts at Coldwell Banker Commercial Affiliates. The Omnichannel Retail and Commercial Real Estate Survey of November 2016 finds that brick and mortar have yet to roll over and play dead – and, in fact, Millennials actively want to shop in-person.
With the market changing over time, retailers in the grocery and apparel sectors are having to constantly rejigger their techniques in order to stay relevant. Let’s break down the facts so that you have a better chance of coming out on top when the competition gets tight.
Some businesses are incredibly seasonal. Some businesses, for example, like ice cream shops or retail shops in resort areas, are widely dependent on the revenue they generate in the summer months. Securing a good lease for these months can help play a great role in the success of the small window your business may have during the year.
The retail landscape has been changing for quite some time with the largest impact coming from online retailers and more purchases being made on the internet. In fact, in just the 3 years between 2010 and 2013 the number of store visits dropped from 34 billion visits to 17.6 billion visits according to Elite Wealth Management.
The retail sector has seen some dramatic shifts in the past years as technology and the presence of online shopping continues to evolve and grow. Technology and online shopping has even driven some strictly brick and mortar retailers like Borders to go out of business.
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 Amazon has had Amazon Fresh, a grocery delivery business, everyone is now talking about their brick and mortar grocery concept which is called Amazon Go. Here is what you need to know when it comes to Amazon Go.