Category: Retail

Thriving Retail Today: What are the Key Ingredients?

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What drives successful brick-and-mortar retail today? What lessons can be learned from outperformers that can help owners improve their retail centers or plan better ones? How do shopping centers thrive alongside the convenience of e-commerce? And how can cities and towns help support successful retail development in their downtowns and in neighborhoods? I was pleased …

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Category: Property Investment, Real Estate Research, Retail

“Emerging Trends in Real Estate 2023” Released

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I’m pleased to have returned again this year as the lead writer for Emerging Trends in Real Estate, released last week by PwC and the Urban Land Institute. Despite the challenges of cyclical headwinds and shifting industry dynamics, industry participants remain largely optimistic and “take the long view.” One of our key themes for 2023. …

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Category: Demographics, Economy, Jobs, office, Property Investment, Real Estate Research, Retail

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Remote Work Is Here to Stay.

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Cities and Property Markets Will Never Be the Same. Looks like we’ll be working from home for a while longer. A lot longer. We’ve learned a lot in the last two years about working remotely and adapted our homes to be functional workplaces. Plus, our employers have upgraded their infrastructure to facilitate remote working, often …

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Category: Economy, Jobs, office, Real Estate Research, Retail

“Emerging Trends in Real Estate 2022” Released

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I’m proud to have served as the lead writer for “Emerging Trends in Real Estate 2022” jointly released last week by the Urban Land Institute and PwC. Key themes in this year’s report: “Surprising Resilience, Booming Economy, Worrying Risks.” Following tradition, the report lays out ten top trends of relevance to the property sector including the impacts of working from home, growing …

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Category: Demographics, Economy, Property Investment, Real Estate Research, Retail, Uncategorized

Office is the New Retail

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A Dynamic Property Sector Faces Painful Adjustments and a Bifurcated Recovery Despite wholly different market dynamics, the office property sector is confronting some challenging adjustments coming out of the pandemic that eerily mirror those buffeting the retail sector. American office workers are preparing to venture out from their home offices and return to their company …

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Category: Economy, Jobs, office, Property Investment, Real Estate Research, Retail

More Retail Pain Before Real Gains

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The coronavirus still controls the economy. As COVID-19 cases began surging again in mid-September, the recovery inevitably began to slow. I made two main economic predictions this fall. First, that labor market conditions would deteriorate, with actual job losses likely. Second, that holiday retail sales would be underwhelming, particularly in malls and community shopping centers. …

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Category: Economy, Real Estate Research, Retail, Uncategorized

Don’t Buy the Hype: Four Signs the Recovery Is Less Than It Seems

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Recent positive economic headlines are easily misinterpreted. The record growth we’ve enjoyed follows even greater downturns and leaves us well short of prior levels on most key measures. With the recovery slowing across the board, a full rebound is not yet in sight. The latest government reports have brought a spate of upbeat U.S. economic …

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Category: Economy, Jobs, Retail

What Does A(nother) COVID Spike Mean for Retail Real Estate?

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Winter is arriving early this year for the economy, no matter what the thermometer reads. With the coronavirus infection spreading wildly throughout the country, people are returning to their home bunkers and economic activity is again slowing—and the retail sector will bear the brunt of the impending damage. You wouldn’t know it from the headline …

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Category: Economy, Real Estate Research, Retail, Uncategorized

Holiday Spending Gets Rough Start and the Outlook is Weak

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U.S. retailers logged another month of record sales in October, but overall retail trends weakened significantly, with spending in physical stores actually declining for the first time since April. And with COVID infections spreading wildly and consumer financial health deteriorating, sales in shopping centers are poised to decline again this autumn and winter, particularly in …

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Category: Economy, Real Estate Research, Retail

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The Deceptive Recovery in Retail Sales Can’t Last

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Retail sales climbed back to record levels in June and continued to grow in July and August—despite painful levels of unemployment and income loss. But the good times will not last much longer. The massive government income support programs that funded consumer spending are ending, while shoppers will need to resume normal household necessities like …

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Category: COVID-19, Economy, Real Estate Research, Retail