As commercial real estate enters its sixth year of growth and volatility heightens in the public equity market, questions are beginning to surface as to how much longer this can continue. But investors show no signs of slowing as they satisfy their hunger for urban retail, potentially positioning 2015 as the highest year on record for the subsector outpacing a record year in 2014, according to JLL’s Q3 2015 Investment Outlook… Read More
The U.S. market has six times more retail square feet per person that the United Kingdom, with 2,375 square feet per 100 inhabitants. That’s more space than France, Denmark, Finland, Portugal, Spain, Italy and Germany combined, making it an increasingly attractive locale for European retailers that have reached maturity in their home… Read More
In the wake of new technology advancements and increased consumer demand for a seamless, omnichannel shopping experience, the retail real estate industry must adapt or be left behind. Today at the International Council of Shopping Centers (ICSC) conference in Las Vegas, JLL reveals its fully renovated booth space (C1001-10th Avenue in the Central Leasing Hall), designed to showcase technology’s impact on the retail industry and introduce retailers to solutions that impact… Read More
1. CROSS BORDERS, CAREFULLY: An expansion outside the relative comfort zone of the United States takes a great deal of study, patience and planning. Most foreign retailers that expand into the U.S. spend 12-24 months on research and due diligence before they even consider possible sites for their stores. U.S. retailers who want to cross borders would be wise to adopt a similar strategy.… Read More
1. GET UP CLOSE AND PERSONAL: When it comes to social media, listening is twice as valuable as posting! Retailers who follow this rule are the winners today because shoppers willingly share valuable personal data on social media. Consumers have fewer privacy hang-ups than in previous years and obtaining personal information is easier for retailers. The trade-off is consumers expect you to use that… Read More
PART II: International retailers land on U.S. soil
Beyond cross-border capital flows, international retail brands continue to land on U.S. soil for expansion and are targeting top-tier core markets for their storefronts. A diverse consumer base, buoyant income growth and a resilient economy has currently lured 175 international brands to take root in 19 top retail markets coast to coast, according to JLL’s latest report, The New World of… Read More
As the flow of capital throughout the world increases, and retailers and investors chase diversification and strong returns, the U.S. retail market is attracting more time in the international spotlight. JLL’s latest research anticipates a measured and selective uptick in cross-border retailing and capital flows into the U.S. in the coming year.
PART I: Cross-border capital flows soar into U.S. retail assets
Coco Chanel once said, “In order to be irreplaceable one must always be different,” and in retail the right storefront can do just that: create irreplaceable differentiation. In the United States, five major cities, New York, Chicago, Las Vegas, Miami and San Francisco, have risen to the top of the list for luxury storefronts, according to JLL’s The New World of Retail report. JLL’s report, debuting at ICSC’s New York Co… Read More
Designer goods have always held a prominent place on the richest streets in America. On the Las Vegas strip at the ICSC conference, thousands of high street retailers are gathering to determine the best strategies to serve the shopping elite. Experts say now more than ever, luxury brands are including a mix of both physical and online presence.
In a world of technological advancements that can lead to a serious case of consumer information overload, two mobile technologies are emerging as the front-runners in the race to successful shopper engagement: Bluetooth Low Energy (BLE), also known as Beacons, and Near-field communications (NFC). Both technologies are capitalizing on emerging consumer behaviors that includes a dramatic uptick in the amount of consumers who… Read More