It may seem like school just went out on recess, but families across the United States are already gearing up for the back-to-school season. JLL’s Back-to-School Consumer Shopping Survey looks at how parents are budgeting for the season, where they buy clothing and supplies and the most important factors influencing their shopping trips.
More than 300 department stores are closing this year, putting about 36 million square feet of vacant space back on the market, according to JLL’s latest retail report Empty to Alive: The Next Use for Department Store Space. Which begs the question, what will become of all that empty space? Well, it’s not all doom and gloom as you’ve probably read in the news. According to our research, we expect to see more restaurants,… Read More
Did you know that by 2025, as much as 20% of space in many shopping centers will be occupied by F&B concepts? View the 6 eating habits changing the food industry and how the hungry millennials are shifting restaurant operations and food options.
JLL today announced it has hired Bob Dishler and Jonathan Lachance as Vice Presidents of Retail Leasing, based out of Los Angeles and San Francisco. Dishler and Lachance will lease JLL’s third-party managed retail properties on the West Coast, cultivating relationships with retailers and securing new revenue opportunities for clients.
Today, more than 40 minutes a week is spent grocery shopping, adding up to more than two full days a year that shoppers weave through produce aisles and shiver in the freezer section, according to the Time Use Institute. There are more than 38,000 grocery stores nationwide and JLL’s latest Grocery Tracker explores four trends… Read More
JLL continues to build national leasing platform to compliment firm’s third-party management practice
JLL today announced it has hired Kristin Grove as a Vice President of National Retail Leasing based in Los Angeles. In her new role, Grove will support JLL’s investor clients by overseeing the leasing efforts and merchandising strategy for their retail space on the West Coast. Grove brings to JLL extensive retail leasing experience on a wide array of… Read More
Today people change their relationship status with a simple click, but in times past the mall is where you went to make known your significant other. This Valentine’s Day, JLL is bringing some of that nostalgia back with its “Let’s Share the Love” campaign at 25 of its managed centers. Consumers can enter to win a $200 gift card to share something sweet with their Valentine by carving their initials on… Read More
Traditional retailers continue to evolve their businesses to be more online and mobile friendly, while conversely online retailers are aggressively looking to create physical storefronts to complement their web brands. According to JLL’s Screens to Stores report, there will be even more online retailers experimenting with physical locations in the next five years.
“E-tailers see the need to move their businesses into physical locations in order to grow sales and further market… 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