TradeGuard LLC’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

While necessity retail property markets have not been in such good shape in decades, occupancies of neighborhood (strip) centers are still high, with some distinction between those with or without a grocer. Read more about our outlook on retail amidst the consumer pullback. https://lnkd.in/erTJjyzv

While necessity retail property markets have not been in such good shape in decades, occupancies of neighborhood (strip) centers are still high, with some distinction between those with or without a grocer. Read more about our outlook on retail amidst the consumer pullback. https://on.pru/3LLNm49

Surprise! Malls are back. Foot traffic at U.S. shopping centers 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 commercial real estate. #retail #retailrealestate #investment #cre #investmentrealestate

Mall traffic inches closer to pre-pandemic levels Read Chain Store Age's article to find out how open-air centers have outperformed the industry average and how hybrid workers are taking advantage of their new, and likely more flexible schedules to frequent malls in the afternoon. #RetailTrends #MallTraffic #HybridWork #OpenAirCenters #ShoppingCenters

Is your shopping center struggling to attract tenants and foot traffic? 🛍️ Here are 3 proven strategies to maximize its value and turn things around: 1️⃣ Get Competitive with Leasing Terms: If your center isn’t a top pick for tenants, consider offering below-market rents, flexible lease terms, or generous tenant improvement packages. Stand out by making your leasing terms more attractive compared to high-traffic locations. 2️⃣ Target Destination Tenants: Focus on businesses that don’t rely on impulse foot traffic. Instead, prioritize tenants with established customer bases like medical offices, financial advisors, or service providers. These “destination tenants” don’t depend on passersby to generate business, making them a better fit for low-traffic centers. 3️⃣ Invest in Long-Term Traffic Strategies: If foot traffic is low, think about enhancing the center’s appeal. Simple upgrades like improving aesthetics can attract more visitors. Alternatively, consider leasing a space to a popular brand or franchise that can draw consistent traffic — even if it means offering a sweetheart deal to secure them. #realestate #commercialrealestate #economy #business #investing #markets

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

Transactional data suggests #shoppingcentre values typically fell 30-50% between 2005-2015 and a further 60-90% between 2015-2023. Obviously with some outliers (esp. London suburbs with a #residential underwrite). For a few schemes, there may not be a way back, but does such dramatic rebasing now make an attractive #investment case for good, fit-for-purpose assets? #retail #highstreet #retailproperty #retailrealestate #kfretail Charlie Barke Will Lund https://lnkd.in/e6J-MznT

Retail activity is at an all time high. I think maintaining the Landlords urge to take full advantage of bumps and base rents will help maintain strong businesses long term. Yes you may get more $ psf now but is that a healthy long term strategy. Some LLs arent in it long term though. Their goal is to buy, lease up and sale the "stabilized asset" leaving the owner down the line to deal with a Tenant that is under water due to rents out pacing their profits. There is really good money in "value add" deals. Just see a lot of short term thinking from both Brokers and Landlords lately. Neighborhood centers full of local or regional concepts can not sustain like national credit retailers can. This is ultimately capitalism but knowing your clients long term goals will help you better position them to maintain that goal through market changes. Tenants and Landlords succeed together! Just some thoughts on a Tuesday! :)

Ben Wilmot's recent article is a reminder to me that the 'big end of town' typically looks through the headlines and is ready to re-enter while others 'wait for things to get better'. Of course, by then the biggest opportunities have been snapped up. The other point of interest is how retail investors could access shopping center opportunities. Damon Mumford's hybrid global real estate strategy, suitable for retail investors, may be worth investigating given its current allocation to institutional grade shopping centers. #DexusCorePropertyFund