High-profile transactions drive retail investment so far in 2018
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JLL Q3 Retail Investment Outlook finds YTD investment sales growth rises 36.1 percent
Transactions volumes total $56.9 billion YTD
Retail transaction volume totaled $56.9 billion year-to-date at the end of Q3 2018 according to the Q3 U.S. Retail Investment Outlook released today by JLL at the International Council of… Read More
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Categories: Americas Retail, Investment, Malls, Retail Transactions, Retailers and tagged icsc, Investment, investment outlook, JLL, JLL Retail, JLLRETAIL, Los Angeles, Mall transactions, Mallls, New York, Primary Markets, Retail Transactions, transactions.
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.
1) Tourists Love the Big Apple: A record 56.4 million people descended upon New York City in 2014, a 23% increase from only five years prior. And when tourists visit, they shop and spend money—that crowd generated a record $61.3 billion in overall economic impact. The City’s lofty goal: to attract 67 million annual visitors by 2021.
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… 
to lead the firm’s New York retail brokerage practice. In her new role, Zhen is tasked with developing…