National Realty & Development Corp.’s Post

No surprise! "Foot traffic at U.S. #shoppingcenters has been staging a comeback since the darkest days of the #pandemic, with visits last year only 2.3% below 2019 levels, according to Placer.ai, a data platform focused on #commercialrealestate. Open-air #centers have seen the biggest rebound in foot traffic since the pandemic hit four years ago, followed by the broader shopping-center industry, indoor #malls and #outlets. There also is hope that easing interest rates and slowing inflation in 2024 will bolster the trend further." #larrytheleasinglawyer

Mall visits return to near pre-pandemic levels in 2023 Mall traffic continued to return towards pre-pandemic levels in 2023, with open-air centers leading the way. According to location intelligence and retail foot traffic data firm Placer.ai’s report, “The Comeback of the Mall in 2024,” which analyzed over 3,000 American shopping centers, visits to the wider shopping center industry were just 2.3% lower than they had been in 2019. This is compared to 10.9% in 2021 and 5.9% in 2022, showing continued improvement since the COVID-19 pandemic began. Last year, the visit gaps for indoor malls and open-air centers had narrowed to 5.8% and 1% lower, respectively. Outlet also saw visits increase once again, with the visit gap compared to 2019 narrowing to 8.5% in 2023 after having dropped to 11.3% in 2022. #retail #store #shoppingcenter #improvement #footfall

Mall visits return to near pre-pandemic levels in 2023 Mall traffic continued to return towards pre-pandemic levels in 2023, with open-air centers leading the way. According to location intelligence and retail foot traffic data firm Placer.ai’s report, “The Comeback of the Mall in 2024,” which analyzed over 3,000 American shopping centers, visits to the wider shopping center industry were just 2.3% lower than they had been in 2019. This is compared to 10.9% in 2021 and 5.9% in 2022, showing continued improvement since the COVID-19 pandemic began. Last year, the visit gaps for indoor malls and open-air centers had narrowed to 5.8% and 1% lower, respectively. Outlet also saw visits increase once again, with the visit gap compared to 2019 narrowing to 8.5% in 2023 after having dropped to 11.3% in 2022. #retail #store #shoppingcenter #improvement #footfall

#Retail foot traffic continues to increase, with #Atlanta's own Lenox Square Mall seeing a 31% increase from the previous year. As retail #realestate continues to evolve to meet consumer demands and preferences, this trend should only continue.

Deck the malls: check out these top six strategies to reignite the high street experience #retailtech #retailtechnology #retailstores Kiryl Chykeyuk HYPERVSN https://lnkd.in/gF6YeP2a

Interesting article on CNBC this morning that captures some of what we are seeing within the retail commercial real estate space. Strip malls are experiencing a revival in the U.S., with foot traffic surging 18% last year compared to pre-pandemic levels. Some key points: 1. There are over 68,000 strip malls across the country. 2. Factors driving growth: convenience, hybrid work, and millennials moving to suburbs. 3. Benefits: shorter lines, easier parking, and convenient locations. 4. Major retailers like Macy's are adapting with small-format stores in off-mall locations. 5. Challenges: criticism for aesthetics and environmental impact. This data suggests strip malls could be shaping the future of brick-and-mortar retail in the U.S. If you're looking for commercial real estate financing, please reach out directly. We'd love an opportunity to see if we can help add value! #RetailTrends #StripMalls #CRE

Wow, how life is changing. This quote got to me. According to the companies' research, that decline is sharper among Class C and D shopping malls, which fell from 684 malls in 2016 to 287 in 2022. #retailplanning #Assortment

🤔 QUESTION: What (if anything) brings you to the mall these days? 🛍️ This article points out that malls are getting back to pre-pandemic traffic levels – especially those with an open-air concept. And “non-traditional experiences, new restaurants and “eatertainment” are all factors in driving mall visits.” Not surprising. As consumers, we still want in-person shopping experiences. So, it needs to be just that – an experience! Brick-and-mortar locations have inherent strengths, but it takes more than a spot at the mall to bring in customers… You’ve heard of LOCATION LOCATION LOCATION. For retailers today, it’s more like LOCATION LOCATION LOCATION… AND flexible omnichannel fulfillment, great customer service and communication, the right products in stock, an enticing loyalty program, accurate inventory, a web presence that’s an extension of your brand… the list goes on. 😮💨 You need to offer an exceptional experience across EVERY channel. Not just at your physical locations! Check out the article from Chain Store Age for more insights on how different types of malls & shopping centers are performing today. #customerexperience #brickandmortar #malls #futureofretail

Don’t call it a comeback! Despite the challenges of the past years, foot traffic at U.S. malls is rebounding, with 2023 visits just 2.3% below pre-pandemic levels, as per Placer.ai. Open-air centers are leading the resurgence, followed by indoor malls and outlets. The trend is expected to receive a further boost from easing interest rates and slowing inflation in 2024. As Joy Wiltermuth noted in a recent MarketWatch article, the retail landscape has seen challenges its challenges and well-positioned malls are thriving when they implement innovative strategies. This resurgence underscores the resilience of the retail sector and points to a promising future for malls nationwide.  https://lnkd.in/e5qaXQrm  #Retail #Malls #CommercialRealEstate

More #brickandmortar retail good news! "Back-to-school #shopping helped boost #mall visits across the board in August to close out the summer. According to data from #retail analytic firm Placer.ai’s Mall Index: August 2024 Recap,  year-over-year visits in August 2024 increased by 7.3% for #indoormalls, 5.8% for open-air #shoppingcenters, and 6.1% for #outletmalls." #larrytheleasinglawyer #shoppingandtheretailindustry