Space Planning Community’s Post

London’s retail sector has experienced significant change in recent years as the pandemic helped to accelerate the shift in consumer behaviour and the sector has sought to respond to this. Amidst this backdrop, BusinessLDN and Avison Young, with the support of Property X-Change brought together an expert panel to discuss the future of London’s shopping centres. Whilst many retail spaces continue to face challenges, the discussion highlighted many reasons to remain optimistic about the future of shopping centres as the sector continues to evolve. Read a summary of the discussion here: https://ow.ly/yeiA50POk6z Virginia Blackman Kim Grieveson #ShoppingCentreRegeneration #LondonRetail #FutureOfShoppingCentres #peopleforplace

It will be interesting to look back on this article in 12-18 months to see what has happened!

Curious about the retail market's post-pandemic changes? Check out our latest article in our annual South West England Spotlight issue. Nick Turk delves into the exciting opportunities for developers and retailers to snag new and relevant stock in prime locations. Read more: https://lnkd.in/epc_EwPe #retailmarket #businessinsights #retailers 

At the recent ICSC trade group conference in Las Vegas, retail landlords showcased their dominant position in a tight property market. With historic low vacancy rates and limited new construction, tenants are scrambling for available spaces, even becoming more flexible with their requirements. Industry experts highlighted the creative strategies tenants like McDonald's and Starbucks are employing to secure locations amidst the high demand. Despite concerns over construction costs and consumer spending, optimism remains high, with retail space demand significantly increasing and expected to continue growing. Dive into the full story to learn more about the evolving dynamics in retail real estate! 🏢THE SUMMIT GROUP 👨💼DerekFoster 📞(478)750-7507 📱(478)997-1024 📧 dfoster@tsgmacon.com 🌐 thesummitgroupmacon.com #RetailRealEstate #ICSC2024 #commercialrealestate #MarketTrends #DerekFosterCommercialRealtor #derekfostercommercialrealestatebroker #thesummitgroupmacon

The retail landscape has shifted from landlords seeking tenants to tenants competing for space.   Retail tenants are facing a shortage of available space, thanks to minimal shopping center development over the past decade.   As a result:   ◾Demand is high… leading to historically low availability. ◾National retailers are expanding and competing for prime locations... resulting in higher rents and quick leasing velocity. ◾Avg. time to secure a tenant for available space is at its quickest pace in over 20-years (See Graph).   "Against a backdrop of scarce available retail space, intense competition among tenants vying for prime locations is now playing out across the United States. This has resulted in retailers paying higher rents, agreeing to pricier rent escalations and jumping on spaces as soon as, and sometimes even before, they become available."   Data per CoStar. 

Boston's retail sector showcases remarkable resilience and growth, with one of the lowest retail vacancy rates among major U.S. metros at 2.9%. According to Marcus & Millichap's report, this trend is fueled by high area median incomes and the strategic scarcity of new retail spaces, propelling average asking rents upwards. #BostonRetail #MarketTrends2024 #UrbanDevelopment

Anchor tenants in #retailcenters are not always the ones with the largest footprint. We shifted our terminology from "Anchor Tenant" to "Key Tenant" which allows us to focus and nurture the KEY Tenants in a shopping center! #retail

For the last few years, retail was the unwashed child of the industry. It was seemingly on the apocalyptic radar of many in the industry. But now, like some inspirational Hallmark card, retail appears to be making a comeback. Indeed, according to the latest numbers, shopping center vacancy is the lowest it has been in two decades, at 5.4%. And in a recent Cushman & Wakefield report, it was reported that the edge in lease negotiations has shifted from tenants back to landlords and for the first time in 20 years, demand for retail space outstrips supply. https://lnkd.in/gwcQMU9j.

Anchor tenants in #retailcenters are not always the ones with the largest footprint. We shifted our terminology from "Anchor Tenant" to "Key Tenant" which allows us to focus and nurture the KEY Tenants in a shopping center! #retail

🛍️Retail Space Demand Soars to a 20-Year High in U.S. Shopping Centers📈 The post-pandemic surge is revitalizing the retail leasing landscape across the U.S., reaching a historic peak not seen in two decades. Here are the key highlights: 🔹Historic Leasing Pace: Average leasing time has decreased to just 8.5 months, marking the quickest turnaround in 20 years, showcasing exceptional demand. 🔹High Occupancy Rates: An impressive 80% of shopping center spaces are leased within 6 months, with 98% occupied within 9 months. 🔹Rising Rents: Decreasing vacancies and heightened tenant interest are driving rents upward nationwide, providing an advantage for landlords. 🔹Restaurant Resurgence: A significant 6% increase in restaurant openings nationwide is boosting foot traffic and enhancing consumer spending in shopping centers. 🔹Outlook: Although current trends are strong, major landlords believe there is a "reasonable slowdown" coming up providing potential challenges for the retail sector. #Retail #CommercialRealEstate #ShoppingCenters #BusinessSuccess #CREDaily