Bridger Properties’ Post

Seizing Opportunity in Retail Real Estate Retail property owners are capitalizing on a rare leasing boom, with significant rent hikes seen across the US South and West. After overcoming years of economic challenges, landlords are now experiencing historic highs in rent spreads as retail space availability reaches record lows. Learn how market dynamics are driving these gains and what it means for the future of retail leasing. #RetailSpace #CRE #NashvilleTN #CommercialProperty #BusinessGrowth

This article touches on the scarcity of quality retail space and how retailers are getting aggressive to get opportunities (like Dollar Tree Stores taking over one hundred-seventy 99 Only locations through BK). This is not a new trend in Las Vegas... There was a time earlier this year where I think Michael Zobrist, Scott Price and I had more space on the market that was still occupied than actual, true vacancy. Those mostly resulted in securing new leases prior to being vacated. It's a little more work for the brokers fielding multiple offers and navigating tours of occupied space but ultimately the benefits outweigh those troubles and result in happy clients. This scenario benefits the new tenants too by allowing them to navigate the extended wait times for building permits while our landlords are still collecting rent from the current tenant. #icsc #ccim #snccim #landlordrep #tenants #retailleasing #lasvegasbusiness #lasvegasrealestate #nmrk #retailvacancy

Friedman Real Estate Leases Retail Space in MI to Coffee Shop Read the full article below..

Retail landlords are beginning to embrace the new reality that brick-and-mortar retail will likely not be what it was pre-pandemic, and they are seizing the opportunity to explore new and unique forms of redevelopment of their retail centers. In this article, Varun Chari shares four considerations when restructuring retail centers. https://lnkd.in/gxsASGFW

One of Bonfire's best investments was in a shopping center outside of Chicago. At the time we invested, some people said, "why would you invest in a shopping center, retail is dead." Well, leasing activity in U.S. shopping centers is at its highest pace in two decades, driven by strong post-pandemic demand: -Record Demand: Vacancy rates have hit all-time lows, with 98% of shopping center space leasing within 9 months of availability. -Rapid Leasing: Up to 80% of retail spaces lease within 6 months, and nearly half find tenants in just 3 months. -Rising Rents: Tenants are securing spaces faster and agreeing to larger rent increases—some by as much as 50%, as seen with Aldi’s recent lease in a former Big Lots location. -Big-Box Opportunities: Closures of stores like Rite Aid and Bed Bath & Beyond are giving landlords a chance to attract more desirable tenants. Challenges Ahead: While demand remains strong, major landlords like Simon Property Group caution about potential challenges, noting that fluctuating consumer confidence could impact future retail spending. Still, well located retail that acts as a destination spot with great amenities will continue to drive foot traffic (and good rents). Onwards 🚀

There is increased optimism for the retail sector and the real estate industry can benefit from understanding how consumers are shopping and where they are spending time. My colleague Beth Bernstein Connors will moderate Alissa Bersin (Tishman Speyer), Scott Auster (Urban Edge Properties), Brooke Cabrera (Jersey Mike's Subs), Peter Braus (Lee & Associates Commercial Real Estate Services), James Famularo (Meridian Capital Group), and Adam Matloff (Meridian Capital Group) in a panel discussion on July 25 at Bisnow’s National Retail Conference in New York City. The panel will discuss how locations are impacting development and leasing strategies and the types of tenants that are signing leases and what their space needs look like. #retailrealestate #realestateindustry #realestatelaw #retailleasing

There is increased optimism for the retail sector and the real estate industry can benefit from understanding how consumers are shopping and where they are spending time. My colleague Beth Bernstein Connors will moderate Alissa Bersin (Tishman Speyer), Scott Auster (Urban Edge Properties), Brooke Cabrera (Jersey Mike's Subs), Peter Braus (Lee & Associates Commercial Real Estate Services), James Famularo (Meridian Capital Group), and Adam Matloff (Meridian Capital Group) in a panel discussion on July 25 at Bisnow’s National Retail Conference in New York City. The panel will discuss how locations are impacting development and leasing strategies and the types of tenants that are signing leases and what their space needs look like. #retailrealestate #realestateindustry #realestatelaw #retailleasing

LeasingMinute In the last few months of traveling outside of NYC, I have seen lots of construction activity in shopping centers that were previously written off. Obviously that is a good thing. But if rents are high, interest rates are high and construction costs are high, how are the retailers making the numbers pencil out? I think at least 2 things are play: 1) the cost of inaction is way worse than the cost of doing something. We all know that in the last 5-10 years, owners haven’t been rushing to build shopping centers. There isn’t much product. So, when opportunities arise (I’m looking at you big box bankrupt retailer!) if a retailer doesn’t expand to meet its customer where they are or improve the look/feel of its store, the customers will move on. 2) retailers are likely putting more of their own capital into deals and they are doing so at competitive rates. #retailrealestate #development

Great little investment let to a national retailer, with future development potential on the upper floor (STPP). Get in touch for more info 👍🏼 #investment #investmentopportunity #commercialrealestate

Retail landlords are beginning to embrace the new reality that brick-and-mortar retail will likely not be what it was pre-pandemic, and they are seizing the opportunity to explore new and unique forms of redevelopment of their retail centers. Varun Chari shares four considerations when restructuring retail centers.