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    May

  • 05-01-10

    Keeping at the Forefront of Leadership

    The retail real estate market currently suffers from an oversupply of space—the result of overbuilding before the financial crisis struck in 2008—plus a dearth of retailers now willing and able to fill space. Consumer spending is down for the foreseeable future as the buying public remains wary of returning to the days of large credit-card debt. While welllocated retail destinations may continue to thrive and maintain national retailers, plenty of others are going to keep losing tenants. In this environment, town centers and mixed-use centers may have an edge over their mall counterparts.

  • 05-01-10

    Drivers for Town Centers

    The retail real estate market currently suffers from an oversupply of space—the result of overbuilding before the financial crisis struck in 2008—plus a dearth of retailers now willing and able to fill space. Consumer spending is down for the foreseeable future as the buying public remains wary of returning to the days of large credit-card debt. While welllocated retail destinations may continue to thrive and maintain national retailers, plenty of others are going to keep losing tenants. In this environment, town centers and mixed-use centers may have an edge over their mall counterparts.

  • 05-01-10

    The New Geography of International Development

    For much of the past decade, buoyed by a vibrant real estate market, readily available credit, and acquisitive consumers, international retail investors and developers enjoyed healthy growth, in both developed and developing economies. Now, in the aftermath of the global market downturn, developers—faced with an oversupply of retail square footage (especially at the high end), failing projects, and a cautious buying public—have been forced to reconsider their geographic strategies and retail models.

  • 05-01-10

    The Year of Positioning

    Though vacancy rates at shopping centers in the United States are not expected to peak until 2011 at around 12.2 percent, the going consensus is that for the most part, the worst of the retail crisis has passed. Too much supply has been part of the problem. Between 1999 and 2008, 25 million to 30 million square feet (2.3 million to 2.8 million sq m) of new shopping center space was added to the market annually, says Ryan Severino, an economist with Reis. This year, the volume of new center completions will likely be around 2.5 million square feet (232,000 sq m), according to CBRE Econometric Advisors. Absorption is expected to turn positive in the fourth quarter, but rents will likely continue to decline through 2012, dropping 2.9 percent this year and 0.4 percent in 2011.

  • 05-01-10

    Greening Retail: Working through the Disconnect

    The retail industry has lagged behind the sustainability curve for some time, but is now quickly catching up as developers, landlords, and tenants seek to “green” their retail facilities to realize operational gains, demonstrate environmental stewardship, and capture increasingly conscientious consumers. However, because little information is available on the best leasing structure to benefit both landlords and tenants, many opportunities in retail real estate and store planning remain on the shelf.

    Later this year, the U.S. Green Building Council will launch Leadership in Energy and Environmental Design (LEED) ratings for retail facilities to help illuminate best practices in the retail real estate market. Contrary to common belief, greening the retail building market involves much more than buildout; for example, it encompasses site selection, structuring of a green lease, tenant-space buildout, operations and maintenance, and communication strategies.

  • March

  • 03-01-10

    Replanning Small-City Downtowns

    Given the demographic and behavioral shifts, as well as the supply competition, expected to continue after the economic recovery, what steps should small cities take to boost their downtowns?

  • January

  • 01-01-10

    Cargo Containers as Commercial Space

    Reuse of cargo containers as building blocks in a small Seattle hybrid commercial building helps contain costs and speed construction.

  • 01-01-10

    Benefiting From Special Districts in Cities

    With U.S. cities increasingly strapped for cash, it comes as no surprise that community benefit districts (CBDs) are gaining in popularity. But will CBDs redefine America’s cities of the future? A growing number of property owners think so.

  • 01-01-10

    A Short History of CBDs/BIDs

    Community benefit districts (CBDs) were first developed in Maryland during the 1980s, but business improvement districts (BIDs) date back to the early 1970s in the Canadian city of Toronto.