Field Guide to the Retail Property Market
(Updated July 2014)
The state of the U.S. economy is impacting the retail sector. Store vacancies, declining real estate values and reduced consumer spending have resulted in retailers feeling the pinch. Developers and managers are looking to hold on to tenants, cut costs and streamline procedures. This field guide offers information on the current climate as well as some hopeful signs for the future. (F. Heller, Manager, Library & Archives)
Q - ProQuest articles available for NAR members only. Password can be found on the ProQuest/Find Articles page.
Retail Property Trends
Beyond the e-tail era: What factors are shaping retail’s next phase?, (Commercial Connections, Spring 2014).
The stormy future of retail real estate, (The Appraisal Journal, Spring 2014). Q
“Retailers are hungry for space”, (REALTOR® Magazine Daily Real Estate News, June 2, 2014).
Retail Revolution, (Real Estate Forum, May 2014). — Whether it is being (super) niche, creating pop-up stores to test a concept, utilizing gamification or other forms of unique brand awareness to draw customers, retailers are doing everything in their power to stay competitive today, while planning for tomorrow. Q
Dazzle me: Shopping center owners seek new experiential alternatives to attract consumers, (Commercial Property Executive, May 2014). Q
Changing channels: Flow between brick & mortar, e-commerce shapes management strategies, (Commercial Property Executive, May 2014). Q
Store rents rise as construction slows, (Wall Street Journal, Apr. 2, 2014).
Demographic trends contribute to the changing face of retail, (NPR, Feb. 17, 2014).
What’s On Deck? Retail Development, (On Common Ground, Spring 2013).
(Source: Florida Association of REALTORS®, 2013.)
Retail Market Reviews
Commercial real estate market survey, (National Association of REALTORS®, May 2014).
Expectations & market realities in real estate 2014 -- The future unfolds, (Real Estate Research Corporation/Deloitte Development/National Association of REALTORS®, 2014).
National retail review, (Cassidy Turley, Spring 2014).
Global shopping center development report, (Cushman & Wakefield, Spring 2014).
Retail outlook: United States highlights, (Colliers International, 2014).
Global powers of retailing 2014, (Deloitte, 2014).
Leasing Tips & Trends
A better mousetrap: New tools to enhance brokerage efforts, (Commercial Property Executive, May 2014). Q
Shopping center shift: Retailers rethink tenanting strategies, (Commercial Investment Real Estate, May/June 2013).
The “malling” of America and how to rediscover street retailing, (Journal of Property Management, May/June 2013).
Retail tenanting techniques: These fundamental strategies can help to revitalize neighborhood centers, (Commercial Investment Real Estate, 2011).
How to negotiate a lease, (Entrepreneur, May 2010).
Going the extra mile to lease retail space in today’s market, (CoStar, July 9, 2009).
Investment Tips & Trends
Retail property assets: An “alternative” goes mainstream, (Commercial Property Executive, May 2013). Q
Retail revitalization: Use these tips to increase the value of shopping center investments, (Commercial Investment Real Estate, Sept./Oct. 2011).
Retail for Beginners: For commercial investors who are just starting out, smaller retail properties present a great opportunity, (REALTOR® Magazine, Sept. 2009).
Local economic analysis for shopping center appraisals, (The Appraisal Journal, Spring 2009). Q
CCIM Institute—A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate.
International Council of Shopping Centers—Global trade association representing the shopping center industry. The groups' membership is over 65,000 in about 80 countries.
IREM—The Institute of Real Estate Management (IREM), an affiliate of the National Association of REALTORS®, is an association of property and asset managers who have met the strict criteria in the areas of education, experience, and ethics.
National Retail Federation—The National Retail Federation is the world's largest retail trade association, with membership compromising all retail formats and channels of distribution.
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
The Complete Guide to Financing Real Estate Developments (Adobe eBook)
The Dynamics of Property Location (Adobe eBook)
Gen BuY: How Tweens, Teens and Twenty-Somethings are Revolutionizing Retail! (Kindle, Adobe eBook)
Local and Community Driven Development (Adobe eBook)
Real Estate Development and Investment (Adobe eBook)
Sustainable Property Development (Adobe eBook)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800-874-6500 for assistance.
Annual Store Construction & Outfitting Survey, (Chain Store Age, 2013).
Annual Store Construction & Outfitting Survey, (Chain Store Age, 2011).
Is the ‘Shop Around the Corner’ a luxury or a nuisance? working paper, (University of CA Lusk Center for Real Estate, Sept. 22, 2010).
Field Guides & More
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