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🔴 Breaking News: Nearly 30 jobs at risk as six Carpetright stores in Tayside, Fife, and Stirling are set to close. This is a concerning development for both the employees and the local communities. The closure of these shops serves as a reminder of the challenging times faced by the retail sector. #Carpetright #JobLoss #RetailChallenges https://ift.tt/gi7yKs0

Is 485 sqft for $1,525 a month for a warehouse in Texas too expensive? I think so. However, it is conveniently located near DFW airport and has some next level amenities. The thing is, I could’ve easily rented a 1,000 sqft warehouse for $1,400/mo but it didn’t have: • A/C • It was old • Needed paint • Cracked floors • I’d need to buy furniture, shelving, pallet jacks, cooling fans… All for $5,000+. Now here are the amenities of the boujee warehouse I’m considering: • A/C • Wi-Fi • Power • Dollies • Forklift • Lounge • Kitchen • On-site support • Shipping stations • Conference rooms • Heavy duty shelving • 24/7 secured access • Industrial loading docks • Shipping & receiving zone My rationale: This is going to save us a TON of time & money in the short term. The clock is ticking and we’re dialed in on franchising and I don’t think it’s worth shifting our resources to setup this warehouse at a cheaper price. But damn, paying $3.15/sqft still burns…especially in Texas. Should I pull the trigger?

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This report captures what our #ColliersNWA retail team has been experiencing in the field for the last several months. We are working with several tenants seeking space and it is incredibly competitive for any available opportunities. The market is desperate for new development, yet the impediments of land cost, construction costs, and financing costs make it very challenging. Our team continues to leverage our large network and resources to create opportunities for our clients. We are getting deals done. By working as a team, we have the scale to be proactive. In this market, waiting on a listing to "pop up" is a fool's errand. #retail #colliers #nwa

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WESTERN HENRICO, VA - Months after dropping millions of dollars to buy the property next to its Henrico location, Costco Wholesale is preparing to put that land to use.  The wholesale chain has filed plans to expand the footprint of its warehouse store at 9650 W. Broad St. and relocate its gas station to the neighboring plot at 9700-9750 W. Broad St.  The plans call for construction of a 20,000-square-foot addition to be tacked onto the west side of Costco’s existing 131,000-square-foot warehouse.  The two existing buildings at 9700-9750 W. Broad St. are planned to be demolished to make way for a 24-pump fuel station, while Costco’s existing, 14-pump fuel station on the east side of its property would be cleared. The number of parking spaces for the store would also be increased as a result of the reconfiguration, going from 633 to 795.  The development would effectively connect the two parcels, both of which Costco owns.  The plans, filed with Henrico County last month, provide an answer to why Costco bought the five acres at 9700-9750 W. Broad St. for $13 million. Costco picked up the land last fall but was mum on what its plans were.  It’s unclear what the project timeline is, as Costco did not respond to a request for comment for this story.  Colliers Engineering & Design is listed as the engineer in Henrico planning documents.  The Broad Street deal was the first of two Costco made last year in the Richmond region. In December it bought 3.6 acres of undeveloped land next to its Midlothian warehouse for $1.1 million. No plans have been filed for that site as of press time.  For more, click on the link below. #escrowcredirt #newmarktitleservices

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