From doggy day care to ethnic grocers, a wave of fresh retailers expands
Legacy chains such as Bed Bath & Beyond, Conn’s HomePlus, Party City and Forever 21 have come and gone. But others — updated versions of existing concepts or totally new ideas — are increasingly bringing a more diverse array of retail options to shopping centers and malls. In the past year, an indoor golf-simulator club […]
Retail Is Fashionable With Property Investors Again, but Only the Unflashy Kind
More people than ever are running errands at their neighborhood shopping center. Supply of this type of property is surprisingly scarce. When home builders downed tools after the 2008-09 global financial crisis, they planted the seeds of a housing shortage that is boosting the wealth of existing homeowners and investors to this day. The same […]
Shake Shack Aims to Add Hundreds of Locations
Americans will have more chances to eat ShackBurgers in coming years, as fast-casual chain Shake Shack plans to more than quadruple its U.S. restaurants. New York City-based Shake Shack said Monday that it aimed to have more than 1,500 U.S. locations in the future, up from a goal of 450 when the it completed its initial public […]
Open-Air Retail Is A Real-Estate Winner
When homebuilders downed tools after the 2008-09 global financial crisis, they planted the seeds of a housing shortage that is boosting the wealth of existing homeowners and investors to this day. The same thing is about to happen in retail, or at least in one corner of it. Open-air neighborhood shopping centers are now one […]
The Unlikely New Real-Estate Darling: Restaurants
Property owners have long seen restaurants as risky tenants with a high rate of failure. Now, with Americans dining out more than ever, the restaurant business is emerging as the hottest corner of retail real estate. Food services accounted for more than 19% of all retail leases last year, rising in recent years to the […]
2024 ICSC Conference Insights
Green Street’s retail team recently attended the ICSC conference in Las Vegas, an event that brings together representatives of all facets of the retail industry, including investors, landlords,brokers, retailers, and other commercial real estate players. We met with numerous private and public owners across the retail property type and quality spectrum, generally outside of our […]
Strip Malls Are the New King of Retail Real Estate
Declining vacancy rates show strip malls don’t need large anchor stores to draw in customers and tenants. A major shopping-center owner is spinning off all its strip malls into a new publicly traded company, indicating that this property type is thriving under a hybrid work environment. SITE Centers, which owns and manages open-air shopping centers […]
Reconsidering Retail
Essential-service retail is well positioned in the current environment. Retail real estate has undergone a significant shift in investor sentiment duringthe past decade.
EV Boom Remakes Rural Towns in American South
Small community scrambles to prepare for giant Ford plant The U.S. auto industry is accelerating its move south as car companies pour billions of dollars into new factories in Georgia, Kentucky and Tennessee. The shift is creating pockets of frenzied activity— and anxiety—for rural, southern towns bracing for an influx of new workers and residents. […]
The Hottest Real-Estate Play Is in Your Neighborhood
Unglamorous strip centers are signing leases faster than tenants can move in. Strip malls are hot.