In the quest for growth, food retailers are on the heels of the fashion industry expanding globally and combining technology, gastronomy and a bit of psychology to entice, entertain and satisfy, according to a new report by JLL released today. Like its fashion counterpart, international food and beverage expansion is being fueled by low growth in US and Western European markets, an increase in globalization and tourism, and the rapid rise… Read More
JLL’s Michael Hirschfeld spent an hour speaking to retail real estate professionals at the recent ICSC New York Dealmaking Conference. He gave insight to leasing fundamentals with his over 40 years of expertise of tenant representation – in case you missed it, here is our recap.
While discussing some of the basics behind lease structures, Michael provided some color commentary from on-the-street experience… Read More
Retail investment sale volumes totaled $50.8 billion through Q3 2016, driven by an increase in large, high-quality retail transactions. Transactions in excess of $100 million accounted for more than two-thirds of deal flow in Q3 and average cap rates have fallen by 41 basis points and sit at 4.5 percent – an indication that… Read More
Black Friday is either the busiest or second busiest shopping day of the year – depending on who you ask – but there is little debate that it’s, well, busy. Every year, JLL asks some of the busiest folks around – our mall general managers – to give us the inside scoop on what’s going on at properties and retailers across the country. Here’s what we found out.
Two-thirds of centers reported… Read More
This holiday season if you are doing your gift shopping at a JLL-managed center you might just get a little something extra for yourself. JLL-managed centers across the country will be giving away gift cards to spontaneously delight and surprise shoppers this November and December. Santa, or one of many JLL “elves”, will be handing out the cards – but there’s a catch – shoppers will be encouraged to redeem the… Read More
While retailer and consumer spending expectations denote the importance of the holiday shopping season, a divide exists between the two regarding when the season actually commences. According to JLL’s annual Holiday Forecast, the vast majority of consumers, more than two-thirds, believe the season starts after Thanksgiving, while little more… Read More
Chances are if you’ve ever watched one of the Dallas Cowboy’s pro football big games in the ‘70s, you can recognize this throw.
Standing in the front of a packed Retail Product Council at the Urban Land Institute’s Fall Conference in Dallas, is JLL’s own Executive Chairman and football legend Roger… Read More
Visiting Chicago, LA, New York or San Francisco and have a few hours to spare? There’s no better way to learn a city than getting out in the field. Go on one of JLL’s retail walking tours to explore 6 flagship stores in each market. Click to view the interactive tours.
View… Read More
Flagships signify the lead ship guiding a fleet, and today flagship stores act similarly for a retailer guiding their store portfolio with innovative concepts, technology and merchandise. While luxury brands have used flagship stores for years to connect with customers and grow brand recognition, JLL’s latest research report Flagship Confidential, shows an increase in retailers across all price points using a flagship store strategy. The report, which looks at 145 flagship… Read More
JLL-managed Rosedale Center, located in Roseville, Minnesota, has begun a two-year interior renovation project. Featured in the renovation is an expansion that will introduce a new 125,000-square-foot, two-level Von Maur department store and 21,000 square feet of new shops within a new two-level concourse connecting the existing center to the new anchor. Von Maur construction is expected to start next year, with an opening date in 2018. A new parking deck will… Read More