Field Guide to Retail Property: Development, Leasing, Management
(Updated July 2009)
The current state of the economy and the real estate industry is also impacting the retail market. Store vacancies, declining real estate values and consumers cutting expenditures mean retailers are feeling the pinch. Developers and managers are looking for ways to cut costs and streamline procedures. This Field Guide offers information on the current climate as well as some hopeful signs for the future. (D. Foligno, Project Coordinator)
Top 100 Retailers
- Walmart
- Home Depot
- CVS Caremark
- Kroger
- Costco
- Target
- Walgreen
- Sears
- Lowe's
- Supervalue
- Safeway
- Best Buy
- Macy's
- Rite Aid
- Publix
- McDonalds
- Ahold USA
- JC Penney
- Staples
- TJX
(view entire list)
Source: National Retail Federation, (July 2008).
The Retail Climate 
Retailers head for exits in Detroit --- Shopping becomes a challenge as auto-industry collapse adds to city's woes, (Wall Street Journal, June 16, 2009). Q
Car dealership closings could hurt commercial real estate values with excess space supply, (Retail Traffic Mag.com, June 2, 2009).
Retailer survival guide, (Chain Store Age, May 2009). Q
Starbucks pushes for 25% rent cut, (Gulf News.com, May 30, 2009).
Retail real estate firms jockeying for spoils of distress, (Retail Traffic Mag.com, May 26, 2009).
Shopping center industry notes bright spots at Vegas convention, (Las Vegas Sun, May 17, 2009).
Empty big-box stores drive up retail vacancy, (Chicago Real Estate Daily.com, May 11, 2009).
Stress Test for Retail Owners, (National Real Estate Investor, May 2009). Q
Bright Spots, (Retail Traffic Mag.com, May 1, 2009).
Office, apartment, warehouse vacancies to hit historic highs, (Mortgage Banking, Mar. 2009). Q
Sears tries drive-through, (Wall Street Journal, Jan. 28, 2009). Q
Retail real estate to feel the squeeze in 2009, (Wall Street Journal, Jan. 2009). Q
Forty under 40: Small chains flourish, (Chain Store Age, Jan. 2009). Q
The three R's of redevelopment, (Chain Store Age, Dec. 2008). Q
Putting the brakes on, (Chain Store Age, Mid-Dec. 2008). Q
Developers head back to the city, (National Real Estate Investor, Nov. 2008). Q
This space for rent -- to advertisers, if not retail tenants, (Wall Street Journal, Oct. 22, 2008). Q
Retail landlords get their green act together, (National Real Estate Investor, May 2008). Q
Leasing Retail Property
Creative tenanting, (Chain Store Age, May, 2009). Q
Leasing layers, (Chain Store Age, Oct. 2008). Q
Leasing for the future, (Chain Store Age, July 2008). Q
Well-capitalized chains reap benefits of favorable leases, prime real estate, (National Restaurant News, Oct. 27, 2008). Q
Management & Marketing
How not to sweat the retail details, (Business Week, May 25, 2009). Q
Control your real estate, (Chain Store Age, May 2009). Q
Cut occupancy costs, (Chain Store Age, Apr. 2009). Q
Outsource real estate functions, (Chain Store Age, Apr. 2009). Q
Rent resolutions for a weak economy, (Journal of Property Management, Mar./Apr. 2009). Q
The 3 R's of redevelopment, (Chain Store Age, Dec. 2008). Q
Websites
International Council of Shopping Centers - Global trade association representing the shopping center industry. The groups' membership is over 65,000 in about 80 countries.
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.
CCIM Institute - A Certified Commercial Investment Member (CCIM) is a recognized expert in the disciplines of commercial and investment real estate.
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.
eBooks & Other Resources
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.
Shopping center management and leasing, (Chicago, IL: IREM., 2005). HF 5429 In7sc
Income/Expense Analysis: Shopping Centers, (Chicago, IL: Institute of Real Estate Management, 2002). HF 5429 In7sh
Managing and leasing commercial properties: practice, strategies, and forms, (New York, NY: Wiley, 1999). HD 1394 AL1f
Shopping center development handbook, (Washington, DC: Urban Land Institute, 1999). HF 5429 Ur1
Field Guides & More
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Field Guide to Commercial Property management
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