While many tourists flock to America’s panhandle looking for sand and sunshine, Florida’s retail development market is doing the opposite: moving indoors. According to JLL research launched today at the International Council of Shopping Centers Florida Conference in Orlando, nearly half of all retail commercial construction happening in the state, in the first half of 2014 is taking place in malls and shopping centers.
Shopping online just keeps getting easier. As deal sites abound, shipping prices fall away, inventory endlessly expands, and it begs the question: “does anyone load the kids up in the family car and drive to the mall anymore?” Turns out they do—and especially when school’s about to start. A recent survey shows that 90 percent of American households plan on doing their back-to-school shopping at physical retail stores… Read More
In an unpredictable world, security in shopping centers and retail outlets has taken center stage. The International Council of Shopping Centers (ICSC) estimates that last year, a typical mall spent more than $1 million on security. While prevention is ideal, preparedness and responsiveness are critical to stabilizing and mobilizing employees and tenants during a crisis.
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.
Strengthening retail market fundamentals and price appreciation are making the investment community bullish on retail sector in 2014. After a strong first quarter this year, the momentum is expected to continue as increased demand for retail assets has created optimal conditions for sellers.
Grocery-anchored, urban high street retail and trophy malls… Read More
Aggressive company expansions typically come through organic growth or accretive acquisitions. For JLL Retail, the company’s path to forming a competitive national brokerage business began with a new outlook at the local mall level.
“We changed how we viewed the growth of our retail business during strategy session several years ago,” Greg Maloney, the chief executive officer… Read More
#TBT to the mall-mover, Kris Cooper and Margaret Caldwell, team back in 2004 – the year the Boston Red Sox won the World Series, Martha Stewart went to jail and Nintendo DS was released. A decade later, these two are still a powerhouse team, known for their impeccable client service, out-of-the box thinking, and international investor relationships. In 2013 alone they closed 36 deals, and 2014… Read More
Why, when and how consumers shop has shifted drastically during the last 25 years. We live in a world of ‘choice exhaustion’, clutter and indecision – so how are retailers embracing technology and breaking through the noise? On May 20th from 11:00-11:30 a.m. in the ICSC Coca Cola Happiness Lounge JLL Retail experts Michael Hirschfeld and Aaron Ahlburn share how retailers are finding innovative ways to stimulate consumers suffering from information overload. During this… Read More
Is equity still chasing retail deals? Are trades expected to happen in secondary markets? Will rising intrest rates have an impact retail transactions?
David Schonberger, Managing Partner at Radiant Partners, JLL retail investment sales expert Margaret Caldwell and ICSC Chairman David LaRue share what they think is on the horizon for retail investment in 2014 in the short video below.