Is equity still chasing retail deals? Are trades expected to happen in secondary markets? Will rising intrest rates have an impact retail transactions?
UPDATE ICSC New York: From E-bay’s one hour delivery service to Amazon’s futuristic proposed drone delivery, retailers are battling to gain competitive advantage by appealing to their customers’ need for ‘insta-delivery’.
As the retail industry transitions its supply chain to an omni-channel model, demand is soaring for the real estate that supports this new paradigm. A distinct real estate asset class tailored to e-commerce delivery has evolved. JLL has identified six newly-defined… Read More
ICSC New York Update: The retail vacancy rate for Madison Avenue in NYC has made some big moves in the past two years, dropping from double digits to below 2.5% as luxury and fashion brands move into the market. This high-street retail location has long been known for stiff competition, not only among consumers vying for the latest haute couture, but also among retailers competing for prime space and limited consumer… Read More
ICSC New York Update: Retailers are growing in a calculated and cost effective way by getting creative with store footprints and locations. While their appetite for the best sites remains strong, the sought-after high-street space in the city will be limited through 2017, pushing retailers into new areas. JLL’s retail experts point to a few emerging New York… Read More
ICSC New York Update: JLL’s Steve Jones says, it’s easy for store retailers competing with online retailers to feel like they are pushing a boulder up a mountain in today’s web-driven economy. The good news for retailers is that not all consumers shop on price alone. The critical components of consumer buying habits are price, customer service and experience. Every consumer weighs these considerations differently, but each store needs… Read More
ICSC New York UPDATE: The recession took a major toll on the retail real estate sector but, despite waffling consumer confidence, the sector continues to improve. Retail now accounts for 19 percent of total U.S. investment volume year-to-date 2013. Today, JLL’s retail experts predict upwards of a 20% increase in retail transaction volume in the year ahead driven by four key forces.
1. Strengthening Fundamentals: the retail market will continue to turn around… Read More