Jason Hurst, MBA ☀️ Retail Real Estate Agent’s Post

Colliers posts Lansing Retail, market views for 1st Half 2024 Retail highlights: Net Absorption was strong 209,000 sf for the second reporting period it was positive (37,200 in H2 2023). Asking rental rates dipped by $.60 to $13.46 psf. We believe this due mostly to the reduced supply of available quality space. Overall vacancy rates dropped 7 basis points from 6.9% to 6.2% signifying a very healthy Lansing retail market!

Cushman & Wakefield recently released ‘The European Retail Radar’, offering an insightful examination of over 6,000 retail leases handled by the firm in the last three years. According to the report, there has been a noticeable increase in retailer activity throughout 2023, indicating promising prospects for 2024. Fashion, F&B and the Personal Goods sector have been prominent in the deals space, delivering positive results last year. However, Home & DIY, traditionally the largest unit occupiers, is experiencing a shift in the trajectory entering this year. However, it's essential to remain mindful of the volatility within European retail and leisure sectors, as certain factors may upset this positive momentum. Ultimately, real estate remains a vital component of retailers' success. Click the link here to read the full report: https://ow.ly/aacy50RiUPV Cushman & Wakefield Sally Bruer Yvonne Court Michał Toporowski Robert Travers Ben Binns #RetailTrends #2024Retail

The retail renaissance we’ve been talking about here at Trademark Property Company is in full swing – many analysts expect to see more institutional capital flowing into the sector in 2024, amid expectations that the Fed will begin lowering rates. It’s important to note that virtually no new retail has been built over the last 15 years, while demand for space remained strong, making the future bright for retail development. Read more via @The Wall Street Journal: https://lnkd.in/g5P7w3nZ  

Cushman & Wakefield has summarized the situation in the Polish retail market in 2023 ► https://lnkd.in/dgKe9QQ9 #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends

Discover the latest insights on navigating the evolving retail landscape! Naveen Jaggi joined Tony Wilbert with CoStar Group at ICSC Las Vegas to discuss the pressing need for agility in securing prime store spaces. Don't miss out on essential strategies for retailers to thrive in a competitive market. Read more here: https://co.jll/4dSvSR8 #Retail #CommercialRealEstate #ICSC

ICSC LAS VEGAS: Retailers seeking new spaces with U.S. vacancy rates low need to act fast when interested in a site or risk losing out to another renter, JLL's head of retail services said. The country's overall vacancy rate of retail space is 4.1%, according to Chicago-based JLL, citing CoStar Group data. Combine that with a years-long slowdown in development and some retail spaces are hard to find, especially smaller sites, Naveen Jaggi, president of retail advisory services, North America, said in an interview at the ICSC industry convention this week. "It's a tight market," said Jaggi, who is based in JLL's Houston office. "If the rent was once nine, 10, 12 bucks a square foot and now it's 22 bucks a square foot, retailers will either take that space" even at the higher amount or "lose that space in a shortage environment like this." Watch the video to hear the latest on demand for underlying discount and luxury retail space.

Cushman & Wakefield has summarised the situation on the Polish retail market in the second quarter of 2024 ► https://lnkd.in/dq8Qqwb7 Ewelina Staruch, Ewa Derlatka-Chilewicz, Paulina Bauer #commercialrealestate #propertyinvestment #realestateinvesting #realestatetrends

Glad to see Colliers’ research showcased in this recent article from GlobeSt.com. There is growing attention on the retail asset class due to strong fundamentals, including low vacancies, limited new development, and rising rents, leading to higher going-in cap rates. https://bit.ly/3U3TIlx. 

  The retail renaissance we’ve been talking about here at @Trademark Property Company is in full swing – retail owners and analysts said they expect to see more institutional capital flowing to the sector in 2024, especially amid expectations that the Fed will begin lowering rates. It’s important to note that very little new retail has been built over the last dozen years, increasing demand for space, which combined with the post-pandemic cooling of the office market, makes the future bright for retail development. Read more via @The Wall Street Journal: https://lnkd.in/g8HYpTci  

Savills European Retail Market review of 2023 says that retail parks’ rising footfall and falling vacancy rates set up the sector to continue to outperform. Despite overall challenges to consumer spending, Savills says the strong performance in the discount and value retail segment has proved beneficial to retail parks. Those food-anchored by supermarkets have been the best performers and often insulated from macroeconomic headwinds as consumers have continued to spend on essential shopping. Looking ahead, Savills predicts that the overall retail headwinds will dissipate in the coming 12 months, leading to stronger growth and supporting stronger trade performance. Savills says that retail parks remain well placed to benefit from this improving environment with space at a premium in all but emerging markets, leading to further rental growth and upward pressure on rents for sites where consumer demand is strong. #conveniencerealestate #retailparks #lightindustrial #SME #urbanlogistics #selfstorage #esg