DSQUARED2’s Post

In Detroit, retailers continue to display a preference for multi-tenant and mixed-use spaces as redevelopments like the former Northland Shopping Center in Southfield attract big leases, even years before opening. What do you think are the driving factors for this? #cre #commercialrealestate #realestate #retailrealestate

#ShopLIfting in #BigCities like #NYC costs so much that it has basically doubled to 11% Vacant #StoreFront space, the #NY Press reports in this very interesting article.

This is a great case study of the viability of "the mall". Like anything, adaptability and market intelligence are key. #brookfieldproperties #brookfieldpropertieslife #MayfairMall #NewStores

"Urban Edge leased 94,038 square feet of retail space previously occupied by defunct Bed Bath & Beyond and Buy Buy Baby at Totowa Commons in Totowa, New Jersey — to a company it described as "a single national credit tenant," that it didn't identify. The tenant is Austin, Texas-based Tesla, according to CoStar data. The deal was ranked among the largest retail leases in Northern New Jersey in the fourth quarter." - Costar For those wondering what's going to happen to all those vacant big box stores. Here is a great example of repurposing large space for a "not so typical" use. Tesla is going to be using the space for showroom in addition to it being a service center. #cre #CREative #Retail #retailleasing

#InTheNews: This year, #retailers are on track to open more #stores than they close. A new article from Kate King for The Wall Street Journal detailed how physical #retail spaces have become limited following years of low construction, in turn providing #landlords with opportunities to successfully fill vacated spaces with new offerings that increase foot traffic to #malls and shopping centers. Read the full article here: bit.ly/3X170B0 

FORD CITY MALL

Filling the void: Spartanburg's WestGate Mall renews effort to sell vacant spaces 🏙️ Despite the recent surge in economic growth, the commercial real estate market is facing some tough challenges. With the rise of e-commerce and remote work, traditional brick-and-mortar stores are struggling to keep up. 🛍️ This has resulted in a surge of vacant storefronts, like the ones at Spartanburg's Westgate Mall. 💼 As businesses adapt to the changing landscape, it's more important than ever for commercial real estate developers to be innovative and creative in attracting tenants. 💡 This could mean repurposing spaces or offering unique amenities to stand out in a crowded market. 💰 But with the right strategies and a resilient mindset, the commercial real estate market can overcome these challenges and continue to thrive. 💪 #CommercialRealEstate #RetailRevolution #InnovativeSpaces #AdaptOrDie #SpartanburgMall #BusinessChallenges #RealEstateSolutions via @postandcourier

In our latest alert, Travis Jeffries discusses the challenges and opportunities in reletting space vacated by major tenants. With major brick-and-mortar retailers like 99 Cents Only, Bed Bath & Beyond, and Party City all filing for bankruptcy since the beginning of 2023, and potentially more on the horizon, here are some important things to consider. #retail #cre #brickandmortar

Back in 2017 WSJ had a similar article titled ‘The Mall of the Future Will Have No Stores—Shopping-center landlords are rethinking the traditional mall model—and shops aren’t necessarily part of the equation’. I can certainly see older malls, too risky too be renovated, and lacking anchors, may be better suited for multipurpose centers offering places consumers could visit, work out of, live out of, a place of entertainment, and so much more. We have seen this to some degree with the re-imagining of trailer and RV parks, certainly not the parks of the 70s or 80s! #retail https://lnkd.in/gQ3mhx4n

Can Shopping Malls Survive? From anchor store closures to rising costs, malls face unprecedented challenges. Our latest blog, "What does the future hold for UK shopping malls?" explores diversification strategies, redevelopment potential, and the complexities for landlords and tenants. Read more here: https://lnkd.in/ez4vNsxG #retail #commercialrealestate #commercialproperty #shops #estateagency #lettings