Aston’s Post

It's a fascinating read that delves into how economic shifts and consumer behaviors are influencing property values and investments. At Price Brothers, we pride ourselves on offering premier commercial and retail spaces throughout the KC metro area. Staying updated on these market developments is crucial for continuing to provide top-notch locations and services to our clients. I highly recommend checking out this article for a deeper understanding of the industry’s current landscape. https://lnkd.in/gdGWya7S #RealEstate #MarketTrends #InvestmentInsights #PriceBrothers #KCMetro

Lots of conversations about store closings going up, but more good news about spaces being filled quickly reported by Kate King at the #WSJ. #Retail #realestate inventory remains low in high demand locations and markets. Data also shows the US retailers tracking for more store openings than closings as the year progresses. What markets will be heating up next? #retailtransformation #markets #saturation #cre #data Scott Cianciulli Coresight Research Alvarez & Marsal Property Solutions

I recently had the pleasure of talking with Al Urbanski at Chain Store Age about trends in grocery-anchored real estate. We discussed the strong market dynamics, where we see opportunity, growing retailer categories, and why grocery-anchored centers continue to be in strong demand. We also talked about why PECO treats every center in the portfolio as if it were its own business and merchandises them accordingly. We call it being locally smart and it's vital to the success of our neighborhood shopping centers. You can read the article here: https://lnkd.in/gu_sz8Mb

Cold Spring's Kroger on Martha Layne Collins Boulevard is set for a $35M expansion, doubling its size to a 122,912-square-foot store with a fuel center, pharmacy drive-through, and more. The project, which would add 527 parking spaces and 16 online shopping pickup spaces, awaits approval from the Planning and Zoning Commission. The new development promises 100 jobs and a mix of retail, home goods, and a sushi station.  https://lnkd.in/gQmPS5u4

The developer of Clearfork is moving forward with a 100-acre retail hub in west Fort Worth that will include a grocery store and "significant retail." https://lnkd.in/gAYzdW8Q

Our only retail regret is we did not buy more retail 2-3 years ago. Fresh off a successful shopping center exit last month, we continue to look for sunbelt located retail to add to our portfolio. An excerpt from the attached article: “At the time, investors avoided retail property and instead reallocated funds to what were perceived as more stable and profitable segments, such as industrial and multifamily properties. Fast forward to today, and the narrative has dramatically shifted. Retail property has reemerged as a favored asset class, bolstered by strong demand from tenants, especially service providers, and very little new construction keeping retail space options limited.”

In the ever-evolving landscape of commercial real estate, Palm Beach County's retail sector is emerging as a beacon of stability and opportunity. Here's why smart investors are taking notice: Market Insight: Grocery-anchored shopping centers are proving to be the unsung heroes. These resilient assets are maintaining stable rents and occupancy rates, even in the face of economic headwinds. Why? The essential nature of their anchor tenants provides a steady stream of foot traffic that benefits the entire center. The Publix Factor: Florida's beloved grocer isn't just stocking shelves, they're reshaping the market. Publix has become one of the largest acquirers of shopping centers, often outbidding the competition. This unique strategy allows them to control their properties and increase private shareholder value. Cap Rates: With debt in the 6% range and cap rates hovering around 7%. Well located Center's w strong CAGR are generally trading at positive leverage points. South Florida's Allure: Investors are increasingly drawn to our sun-soaked region, recognizing the long-term value and stability of well positioned retail assets.

Retail CRE has been performing very well this year. Strong consumer spending is fueling the positive outlook for the sector. In fact, the main challenge retail investors are currently facing is the lack of available space. The current vacancy rate is 5.3%, which is historically low, and only 11.3 million square feet of new space is under construction. This lack of supply allows landlords to grow rents. This Connect CRE article is the fifth and final article in a series, and I recommend reading all five articles if you are interested in learning more about retail real estate. The Dumes | Teets | Mullowney Group of Marcus & Millichap #dtmgroupcre #wisdomwednesday #cre #retail

Why It Took Fry's 20 Years to Open in Gladden Farms - The Power of Data, Understanding Retail Decisions: As a commercial real estate agent in Tucson and Southern Arizona, I've always been intrigued by how major retailers decide when and where to open new locations. Fry's recent decision to open a grocery store in Gladden Farms, Marana, after holding the property for nearly 20 years, is a prime example. Retail giants like Fry's analyze consumer behavior through data. By tracking VIP cards, Fry's discovered that Gladden Farms residents were willing to travel to nearby locations for groceries. This meant building a new store in Gladden Farms was unnecessary to capture their business. This strategic decision allowed Fry's to delay construction until absolutely necessary. Red Rock faces a similar situation. Retailers have found that Red Rock residents are also willing to drive to nearby locations for their shopping needs, reducing the incentive to build a new store there. For communities like Red Rock that want closer retail options, it's essential to understand that shopping behaviors influence corporate decisions. These conversations need to happen more frequently. By choosing where we spend our dollars, we can influence the development of new retail locations. As a commercial real estate agent at NAI Horizon, backed by a team with nearly 200 years of experience, I'm committed to helping business owners and investors make informed decisions. Understanding the strategic decisions of large retailers can empower us as consumers. By aligning our spending habits with our desires for local development, we can drive community growth. If you're interested in buying, selling, or leasing commercial property in Tucson, Marana, or Oro Valley, I'm here to help.

Colliers Capital Markets is pleased to announce the sale of Main Street Market, a grocery-anchored shopping center in Kernersville, NC. Colliers’ Marc Ozburn represented the seller, Barclay Group, in the transaction. Deep River Partners purchased the 74,558 SF site for $26M. The property is anchored by a flagship Lowes Foods and includes a diverse tenant mix including Jersey Mike's Subs, Pet Supermarket, and other local businesses.   “Main Street Market exemplifies the type of high-quality, grocery-anchored retail assets that continue to attract investor interest in today’s market”, said Ozburn. “The center’s strong performance with a 92% occupancy rate, coupled with the robust economic growth in the Triad region, made this an attractive investment opportunity.” Click here to read more in the Triad Business Journal: https://lnkd.in/g2DidSwX #ColliersCapitalMarkets Colliers Retail | U.S.