JLL Retail’s Post

The commercial real estate industry continues to be influenced by economic and technological factors. Here are some trends to consider in 2024: ·       Industrial real estate growth ·       Neighborhood retail sustainability ·       Changes in office space use ·       Increased technology use Read our blog post to learn about those trends. https://lnkd.in/g8zx5dBc

In this edition of Thalhimer’s Research Spotlight, we focus on the trend of turning obsolete enclosed malls into vibrant mixed-use developments. Richmond’s retail market is known to run hot, and sustained demand has forced vacancy rates further and further down over the past 15 years. New construction has been limited with only 6 million square feet of new space added in the last decade, and as a result, landlords and developers have turned to existing older malls and centers, converting them into modern campuses that combine commercial and retail space with multifamily components. Read the report: https://bit.ly/4d0gjqu

🎉 Commercial Real Estate: A Look Ahead As we approach the end of the year, it’s a great time to reflect on the achievements of the past 12 months and look ahead to 2025. We saw the rise of sustainable buildings, mixed-use developments, and adaptive reuse of historic buildings continue to define the future of our cities. Our retailers continued to upgrade their spaces and systems for customer convenience. Restaurants continued to roll out with more fast causals and smaller footprints focusing on quick, fast, easy and a greater focus on healthy food. Drive-thru’s remain a hot topic. Look for more as lease rates and sale prices continue to increase. It’s an exciting time to be part of a thriving commercial real estate industry that is committed to shaping the future of the spaces we inhabit. Let’s continue to innovate, collaborate, and grow together as we move into a new year! ➡️ What do you think the biggest trends in commercial real estate will be in 2025? #CommercialRealEstate #YearInReview #LookingAhead

The commercial real estate market in Australia is projected to reach $1.71 trillion in 2025, with a 2.4% annual growth rate! This means strong demand for industrial, office, and retail spaces—but only for those who adapt. Retail is making a comeback – Physical stores are proving resilient despite e-commerce threats. Suburban offices are thriving – Vacancy rates are at a record low as businesses move away from CBDs. Industrial properties remain strong – Logistics and manufacturing continue to drive demand. Are you ready for 2025’s Commercial Real Estate Boom? #commercialrealestate #realestate #goldcoast #markettrends #industrial #retail

We're observing a significant trend in the retail real estate market: the displacement of retail spaces by multifamily developments. In the Pacific Northwest, retail spaces are increasingly competing with multifamily and office towers for prime locations. As demand for residential development surges, many traditional retail spaces are being transformed into multifamily towers. This trend underscores a critical shift in land use priorities. Retail is often not seen as the highest and best use for land, especially when compared to multifamily projects that can accommodate the growing population. This shift is driven by the need to maximize land efficiency and meet the housing demands of our communities. For landlords and investors, it presents unique opportunities. Diversifying property portfolios and exploring mixed-use developments can enhance value and appeal. For retailers, adapting to these changes means rethinking location strategies and embracing innovative formats that integrate seamlessly with residential environments. Understanding market dynamics and leveraging insights from experienced brokers can help stakeholders make informed decisions. That's why my team and I are here to guide you, ensuring your success in the retail real estate market. #RetailRealEstate #LandUse #MultifamilyDevelopment

📈 UK commercial real estate continues to perform well, according to BNP Paribas Real Estate.  📈 The latest data from Colliers indicates that the retail market is showing signs of modest recovery.    📈 There seems to be a more positive sentiment in the UK commercial market, according to Savills.   📈 Savills has reported that demand for office space is significantly exceeding supply in Glasgow.  🌐https://lnkd.in/eHS5g8g9

Are you curious about the latest real estate trends in Asheville? Jason Burk, CCIM has the inside scoop on what's hot in the market right now. Learn about the latest trends, opportunities, and challenges facing retailers in this vibrant city. #retail #retailbusiness #retailindustry #ashevilleretall #ashevillebusiness #ashevillelocal #RetailSpace #Asheville #CRE #commercialrealestate #office #retail #industrial #flexspace #realestate #commercialproperty #investments #development

IMO what would truly be ideal is if some big-hearted, billionaire philanthropists, like Melinda Gates and Warren Buffett, could join together and turn these deserted malls and ghost town shopping centers that are plaguing every city across the country into shelters for our nation's unhoused vets, citizens, and newly immigrated asylum seekers and their families instead of ignoring our vets and citizens in need, or bussing and dropping immigrants off in overpopulated cities to fend for themselves and to be used as political ammo. If the stores could be temporarily filled with bed cots for everyone to lay their heads, safe from the outside elements, then the new tenants could spend their days looking for work to better themselves and their families, etc. Also, while these people are being housed, they can put their skills to use by doing things like remodeling the insides, maybe turning some of the old, huge department stores into college-like dorm rooms with bunk beds and such, and the smaller stores into classrooms, where the English speakers could be teaching English classes, vets could be teaching US History to ready the asylum seekers to eventually become better citizens, immigrants of different cultures can be teaching each other occupational skills like cooking in the food courts, plumbing, and electrical to keep the facilities running in tip top shape. The gov't could offer mall owners and retail shops with lease contracts some tax breaks and incentives to participate in this program, making it beneficial all the way around. Furthermore, to cut through all of the red tape, just as the Defense Production Act was used to assist in fighting the issues of resource scarcity during COVID-19, can't it be reformulated to apply in some way or can something similar be created to apply to what should be considered as a national emergency of the unhoused and immigration? Now, I'm sure I'm being naive and that I'll get a lot of backlash regarding this idea, but as an Integrated Studies major at FGCU, I've been taught to think from multiple disciplines to solve complex issues--I believe from psychological & sociological standpoints this would give the recipients a sense of purpose bettering their mental space, while immensely helping to solve a lot of the national crises of homelessness and immigration, and from an environmental sustainability standpoint, this would be less taxing on the environment, our wildlife, and our planet as a whole because we would be using buildings already here rather than using entirely new construction. I'm sure many will find my post silly and stupid, maybe even ignorant but as I've said, this is in my opinion and in an ideal world, this should be a great solution. I just have a bleeding heart for human suffering and would rather these projects be not-for-profits. I sincerely believe such programs would turn the recipients into assets to our country, rather than the burdens on society that so many people claim them to be.

"Urban retail is emerging as a stellar post-pandemic sector, attracting both investors and prime tenants, in a trend driven by sturdy consumer spending, an increase in foreign tourism in major U.S. cities and an ongoing rise in office attendance, according to a new report by JLL." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

The Impact of Location on Commercial Real Estate Investment Returns When it comes to commercial real estate, location isn’t just a factor—it’s often the defining one. Whether you’re eyeing office spaces, retail properties, or industrial sites, the right location can significantly influence your investment returns. For example, a retail property in a high-traffic shopping district is likely to attract more customers and generate higher rental income compared to one in a less frequented area. Investing in commercial real estate with a strategic location can lead to better returns and lower vacancy rates. It’s all about choosing a spot that aligns with market demand and growth potential, making your investment not just profitable, but also sustainable. #commercialrealestate #investmenttips #locationmatters #realestateinvestment #investmentreturns #strategiclocation #marketdemand #sustainableinvestment