Posts

Food Halls Help Urban Retail Landlords Maintain Competitive Edge

More than one-third of consumers, 34 percent surveyed in a recent AlixPartners study, said they look forward to dining out more often in the next 12 months, according to the research firm’s November 2017 update on the sector. That sounds like encouraging news for landlords around the country who are rapidly expanding food halls in urban shopping districts.

Dining out has been on an upward swing since the National Restaurant Association found that in December 2014, for the first time on record, Americans’ spending at restaurants exceeded their spending at grocery stores. Just as dining establishments are seen as a viable use to backfill vacant anchor spaces, food halls are considered the newest and hottest way to combine dining, entertainment, and even locally sustainable eating in one place.

Read more from National Real Estate Investor

Amazon’s Big Moves Cause Big Changes

It seems as though Amazon is in the headline of every news story, from their acquisition of Whole Foods to the hunt for their next headquarters location, this company is making big moves that will result in big changes for the commercial real estate industry.

Experts have predicted that Amazon will utilize Whole Foods stores as hubs for grocery pick-up and delivery, resolving the “last mile” issue. The $13.7 million acquisition has the potential to completely change the grocery industry. This deal presents an opportunity for retail real estate investors because it underscores the vital role of brick-and-mortar stores in the future of the retail sector.

Read more from NAI Global

Rihanna’s Fenty Line is a Wake-Up Call for the Retail Industry

Consumers thirsty for non-Caucasian-targeted products are starting to get their due from retail brands.

Earlier this month, for instance, Rihanna debuted Fenty Beauty, a “Beauty for All” collection that offers products for every skin tone — think 40 different shades of foundation. The line, the latest from the trend-setting singer/designer, was met with immediate enthusiasm from consumers who were used to being ignored.

Read more from Advertising Age

Here’s why flagship stores for retailers like Apple and Starbucks have become tourist attractions

Retailers of all kinds are trying to make their bricks-and-mortar locations more appealing to shoppers to drive traffic through the doors. At a time when companies like Amazon.com Inc. have made e-commerce the most convenient way to shop, retailers aim to make the hands-on experience of going to a store worth the trip.

Read more from MarketWatch

Shopping Malls Turned Warehouse? CRE Might Be Onto Something

Over the course of the next few years, nearly 30% of all American malls are expected to close their doors and focus more heavily on online sales. It’s no big surprise that with the rise of offline to online shopping increasing at a fast pace, retailers are focusing their efforts on e-commerce business rather than the physical shopping experience. What’s to come of these empty shopping malls? New space for warehouses to launch e-commerce facilities.

Read more from NAI Global

Perspective For The Grocery Wars: Shoppers Crave Experience

Amazon’s acquisition of Whole Foods Market is getting the attention these days, with the deal grabbing headlines since June. But there’s also revolution occurring in the food aisles: Grocers are adapting quickly to surging consumer demand for fresher items, personalized options, and digital power to give themselves an edge in the battle for the grocery dollar.

Read more from Forbes

Technology is Keeping Bodies in Brick and Mortar: Here’s How

Cutting-edge technology is essential for big-brands who want their retail empires to continue to succeed and outpace competitors in today’s (and probably tomorrow’s) retail landscape. E-commerce has created a shift in consumer wants and behaviors towards retail, however, the right technology can feed into those wants and positive behaviors.

Here are three important ways technology is changing brick-and-mortar for the future.

Read more from NAI Global

The new acquisition is bringing Amazon prices to Whole Foods

CHANCE FOR REDEMPTION

If you’ve never stepped foot into a Whole Foods before because you felt the high price points weren’t worth emptying your wallet over artisanal cheeses and organic produce, you might want to give them a second chance.

After sealing the $13.7 million dollar deal on Monday, Amazon is the proud new owner of Whole Foods. They’ve already begun lowering prices in their brick-and-mortar locations.

Read more from The American Genius