Posts tagged Retail
Brokers are trying every trick in the book to fill up vacant retail space in what is possibly the worst leasing environment in memory. Retailers are still looking to grow, but now they must be extremely cautious with how and where they expand. The secret to success may be as simple as a return to the most fundamental principles in real estate: location, demographics and salesmanship. More >
Retailers will continue to need warehouse space, although some have successfully shifted the need to third parties. More >
Asia represents the largest most complex, diverse and rapidly growing region in the world. Retailers looking to tap this growing market (by the year 2030, all of the top 20 cities in the world will be in Asia, in terms of population) need an understanding of what they are stepping into before they proceed. More >
In 2009, American retailers occupied more than 5 billion square feet of warehousing/distribution space. Although significant new leases are way down, retailers do continue to extend and/or renew their lease holdings. Many are attempting to downsize, but all are said to be reviewing their long-term warehousing strategies. More >
While Mexico is evolving into a promising site for retail expansion by U.S. based firms, the country’s full potential cannot be realized until economic conditions improve and crime is contained.
The dramatic evolution of the retail landscape over the past 20 years has been driven by a number of factors such as education, the shift in the age composition of the population, and the emergence of the middle class. The main catalyst behind the emergence of the Mexican retail landscape has been the significant growth of the middle class, with a substantial demographic shift from a “have and have not” socio-economic composition to a more socially tiered structure. The middle class continues to grow both in numbers and in disposable income due primarily to a stable financial industry that has reintroduced the availability of credit (car loans, Visa/Master Card and now mortgages). More >