We've all had those days when it feels like there is an endless list of things going on, and pre-planning your meals is last on your mind. That doesn't mean you can't find something that is quick, yet healthy, on-the-go. We're looking at our top five grab and go concepts on the West Coast that […]
The retail market in Pennsylvania continues to attract a host of new and expanding retailers, despite the pandemic slowdown. As the fifth-most populous state in the union with roughly 13 million residents, Pennsylvania remains a magnet for the latest concepts. A litany of new tenants are coming aboard Fashion District Philadelphia, a redevelopment of the […]
Everyday, another store closes. Big retailers are declaring bankruptcy and signaling another round of closures. The whole retail industry is in flux. Despite the pandemic and depletion of some retailers on the scene, other retailers are swooping in capitalizing by announcing expansion. The old adage, “When one door closes, another one opens” becomes literal in […]
Virginia has been targeted for millions of square feet of new brick-and-mortar shops, both by developers seeking to capitalize on Amazon's forthcoming HQ2 headquarters move to Arlington/Alexandria near Washington D.C., and by retailers seizing opportunities throughout the economically diverse state. Plans are in the works for a variety of creative live-play-work destinations to cater to […]
COVID-19 has brought into question how big a role food-and-beverage tenants will continue to play in the long-term vision of using socially oriented, experiential concepts to revive retail real estate. The restaurant industry, like many other parts of the economy, enjoyed robust growth until the pandemic struck. Late last year, the National Restaurant Association projected […]
You’ve found the perfect tenant for your shopping center and are eager to start a conversation with their team. Now begins the tough part of the process - researching their brand and hunting down a contact that can actually make the decision to open a new location.Unless you are a Retailsphere member. If you are, […]
Tenants are playing rent hardball with retail center owners like never before, asking for reductions, deferrals, abatements and other concessions. Many requests are legitimate, given COVID-19 hardships, but some seem to be out-and-out shakedowns, particularly those emanating from national tenants owned by private-equity (PE) funds.Consider this hypothetical case: "U.S. Oil Change," a fictional category leader […]
While guidelines around COVID-19 update almost daily, one fact has stood firm over the last 4+ months: people are staying home. Whether by government mandates, their own personal concerns, or just because options for outside activities are extremely limited, most people are working, schooling and interacting from the safety of their own houses. This has […]
It’s no secret that JCPenney has been struggling for years, and now the global pandemic has led to bankruptcy and the shuttering of over 100 stores across the country. If JCPenney was one of your anchor tenants, the thought of filling such a large space right now could lead to panic. Large-scale brands such as […]
What’s a tenant database? It’s a list of expanding retailers and contact information for key decision makers in those organizations. If you work in retail commercial real estate, you’ve undoubtedly used a retail tenant database to help you find and connect with potential tenants. Retailsphere was created to advance the retail tenant database beyond just […]
Retail is often reliant on the exciting new trends. Poke bowls are the new sushi and trampoline parks are the new arcade, proving that even when brands remain flexible and innovate—there’s always room for something new. When you tack on a global pandemic, it can feel daunting to find a solid tenant for your retail […]
The COVID-19 pandemic and subsequent widespread orders to close theaters, retailers and restaurants – or severely restrict their operations – are forcing landlords and tenants to the negotiating table to figure out a way to survive. In many cases, the parties are striking agreements that generally provide a period of rent reduction and then spread […]
