Retail space is commercial real estate property where goods and services are sold directly to buyers in person, who are purchasing for their own use. These brick-and-mortar storefronts including strip malls, shopping centers, community retail centers, power centers, shopping malls and out parcels. Properties may be operated with a single tenant or multiple tenants who typically lease space from the property’s owner.
These small retail properties include a mix of tenants in different retail businesses such as gift shops, salons and dry cleaners, which may or may not include an anchor tenant.
Normally 150,000 to 350,000 square feet, community retail centers often feature multiple anchor tenants such as grocery stores, drug stores and restaurants.
These larger retail centers typically have several smaller, inline retail store tenants with a few major box retailers. Each big box retailer occupies 30,000 to 50,000 square feet. Power centers often include several out parcels as well.
Traditional regional malls offer 400,000 to 2 million square feet of space with multiple anchor tenants such as department stories and major retailers.
Large retail centers often include multiple out parcels, which are retail properties allotted for individual tenants such as restaurants or banks.
Much like office space, retail space can also be classified in three tiers:
To compete in the retail space, investors need a nuanced understanding of consumer demand and how that
impacts the needs of tenants. Coldwell Banker Commercial® affiliated
professionals who specialize in retail can help owners maximize the value of their property prior sale
through recommended upgrades, rehabilitation, market repositioning and helping secure anchor tenants. Our
skilled CBC affiliated professional can assist buyers with aligning their business strategies.
Whether you are looking for retail space to purchase, lease or sell, our knowledgeable professionals can help find you the right retail space for your needs.
Look to the Coldwell Banker Commercial network to assist with all your retail real estate needs. Our services include:
Stay informed with the latest commercial real estate market reports,
trends and industry news from Coldwell Banker Commercial.
While the past few years have seen brick-and-mortar retailers embrace big-box stores with large footprints, a recent study from placer.ai found that smaller stores come with their own set of benefits. A growing number of tenants are experimenting with reduced footprints in a variety of ways.
In a reversal from sentiment at the beginning of this year, investors are becoming increasingly bearish about the commercial real estate market. Faced with an economic slowdown, inflation, rising interest rates, supply chain issues, labor shortages and the threat of a recession, investors and capital providers to take a step back and reassess their strategies as this year concludes and the next begins.
Commercial real estate activity remains elevated in 2022, which is a promising sign considering record-highs were reached last year. Market activity is being paced by three property types, multifamily, industrial, as well as a strong rebound in retail. A new Mid-Year Report from Coldwell Banker Commercial shows investors were eager to unlock cash flow and pushed cap rates to record-lows in 4Q21 and 1Q22 across most sectors. It is anticipated that demand for real estate will continue to be strong for high-growth markets. These positive signs comes despite widespread supply chain disruptions, inflation and political uncertainty around the war in Ukraine.
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