Viewpoints
Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
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Showing 101 Retail articles
Dec 26, 2024
Repurposing Retail Spaces: How Adaptive Reuse is Transforming the Market
Adaptive reuse is transforming underperforming retail properties into valuable community assets like healthcare facilities, education centers, and residential units. This trend not only revitalizes local economies and reduces environmental waste but also addresses critical societal needs, making communities more resilient and sustainable.
Dec 11, 2024
Seasonal Spending and Its Effect on Retail and Entertainment Real Estate
The holiday season, spanning from Halloween to Christmas, is a critical period for retail and entertainment sectors, driving significant foot traffic and sales. This article explores how Halloween's economic impact and the holiday shopping frenzy create immense opportunities and pressures for commercial real estate.
Oct 2, 2024
Back-to-School Boom: Brick-and-Mortar's Big Comeback
Brick-and-mortar stores are making a surprising comeback in 2024, led by suburban shopping centers, as consumers defy economic worries and flock to stores during the back-to-school season. This resurgence is boosting foot traffic and tenant demand for shopping center REITs like Regency Centers and Kimco Realty, making them attractive options for investors.
Sep 10, 2024
Navigating the Evolving Landscape of Quick Service Restaurants (QSR)
Discover the latest trends and challenges in the Quick Service Restaurant (QSR) sector with insights from Stephen Cohen, a leading real estate attorney and industry expert. Learn how brand authenticity, strategic planning, and technology integration can help restaurant operators thrive in a competitive landscape.
Aug 21, 2024
Record Heatwaves Boost Foot Traffic in Enclosed Malls
Coldwell Banker Commercial explores the trend of enclosed shopping malls becoming unexpected sanctuaries from extreme heat, drawing increased foot traffic as people seek climate-controlled environments amidst intensifying heatwaves and power outages.
Aug 7, 2024
The Vital Role of Physical Stores in the Age of Online Shopping
Integrating online and physical retail redefines the shopping experience, proving that brick-and-mortar stores still play a crucial role in the retail ecosystem.
Jul 10, 2024
Winning Strategies for a Stabilizing Fitness Market
The fitness industry was a post-pandemic success, as visits to gyms across the country surged once people were allowed to leave home and restart their in-person workout routines.
Jun 12, 2024
The Growth & Challenges in the Franchise Business for QSR's
The landscape of quick service restaurants (QSRs) brims with opportunities amidst a backdrop of substantial growth and expansion.
May 30, 2024
ICSC Las Vegas: The Premier Retail Real Estate Event of the Year
ICSC Las Vegas, held annually in May, welcomes more than 25,000 industry professionals for 3 action-packed days of learning, networking, dealmaking and celebrating. Each year, the Coldwell Banker Commercial® brand is positioned right in the middle of the excitement, with a booth for hosting meetings with current and potential clients and to build new relationships with attendees.We kicked off the event as a sponsor of the 10th Annual Let’s Get Social Happy Hour. The event brings together CRE professionals from across the industry that are connected on social media platforms. Monday, we hosted our Client Appreciation event, featuring hors d’oeuvres and drinks to enjoy while networking.The energy in the booth was palpable. Our affiliated brokers in attendance leveraged our booth space to support their business. Daniel Galvan, managing broker of CBC Rio Grande Valley in Texas, scheduled 20 meetings with clients and prospects during the event. D Scott McLain, managing broker of CBC McLain Real Estate in Alabama, stated, “The spirit of the meeting was quite terrific. Meetings were brisk and productive, and optimism was high. It was a good meeting indeed.”With all the meetings and vendor booths to visit, ICSC definitely helps you exceed your 10,000 steps per day. And, since you can’t have an industry show without some swag, we gave away branded socks and care kits as a little treat for attendees’ feet.According to ICSC’s In Case You Missed ICSC Las Vegas article, the interests aren’t falling as fast as hoped, leading to a pricing standoff between retail property buyers and sellers. On the leasing side, landlords have the upper hand and tenants are willing to absorb the rent hikes to be in the top locations. View the entire article here.View Photo Highlights
May 3, 2024
2024 Consumer Trends Impacting Retail
Thanks to COVID and inflation, retail has undergone significant transformations over the last few years, impacting consumer preferences and behaviors. Whether it is dining or shopping trends, the retail landscape is constantly evolving, that has been especially true in 2024. Placer.ai recently published a white paper titled, 'Meeting 2024’s Consumer,' that explores consumer trends and behaviors in 2024 and how that is impacting retail overall.One particular trend that stood out in this report amidst the tumultuous retail landscape has been the rise of Discount & Dollar Stores. Pre-pandemic expansion initiatives by industry leaders, like Dollar General and Dollar Tree, laid a strong foundation, positioning these essential retailers as an affordable and reliable option during the initial stages of lockdowns. While Discount & Dollar Stores were expanding their presence throughout the US, these retailers also diversified their food and drink offerings to grocery shoppers during peak stay-at-home orders. The expansion of the physical footprint of Discount & Dollar Stores, the grocery selection, and affordable prices suddenly put them in direct competition with Grocery & Superstores. Although visits to Grocery Stores and Superstores significantly outnumber visits to Discount & Dollar Stores, the rise in popularity should not be ignored. While Discount & Dollar Stores continue to rise in popularity, the Superstore sector is forced to navigate shifting consumer preferences and behaviors. For example, with products like the Stanley Cup going viral online, Target made the decision to venture into sports merchandise with the Stanley Cup partnership, underscoring a nuanced understanding of consumer desires and trends that extend beyond the realm of essentials. Similarly, the allure of Costco and other membership clubs among affluent demographics highlights a burgeoning demand for premium offerings amidst a landscape dominated by budget-conscious consumers.As you can see in the chart below, Costco and Target dominate the competition in the Superstore space, attracting the most affluent clientele, despite inflation and high costs of living. The success of these retail giants not only signals the presence of a consumer base willing to shop beyond basic necessities but also underscores these retailers' ability to stay adaptive and agile in an ever-changing landscape. Costco's ability to offer both premium options and affordability through bulk purchasing creates a unique capability to cater to the needs of a diverse audience, straddling the middle ground between budget-conscious shoppers and consumers who are willing to spend more on high-end foods, drinks, and products. In essence, it showcases their capacity to effectively navigate the nuances of consumer preferences, thus solidifying their position as leaders in the retail landscape.For investors, staying attuned to these shifts isn't just about chasing the latest trends; it's about recognizing the underlying currents that drive consumer decision-making. By deciphering the evolving preferences and spending patterns of consumers, investors can identify lucrative opportunities and allocate capital strategically. Whether it's recognizing the resilience of Discount & Dollar Stores amidst economic uncertainties or discerning the growth trajectory of niche segments within the Superstore domain, these insights aim to guide investors towards informed investment decisions based on consumer patterns.
