Industry insights, market outlook reports and commercial real estate
news, and trends from the Coldwell
Banker Commercial brand.
The retail sector has seen some dramatic shifts in the past years as technology and the presence of online shopping continues to evolve and grow. Technology and online shopping has even driven some strictly brick and mortar retailers like Borders to go out of business.
Recently, Amazon unveiled their newest concept called Amazon Go. While Amazon has taken over and changed the face of many industries, most notably books, they have been looking to get into grocery. While Amazon has had Amazon Fresh, a grocery delivery business, everyone is now talking about their brick and mortar grocery concept which is called Amazon Go. Here is what you need to know when it comes to Amazon Go.
By all estimates, the back-to-school season will have pulled in more than $75 billion dollars. It is second only to holiday shopping in the highest grossing retail season. With more consumers shopping via mobile than ever before, where can retailers expect to see the highest sales this holiday; online or in store retail?
If you can attract customers to your store through their mobile devices, you are reaching an audience that looks at their phones all day long and carries them everywhere they go. When they’re bored, while they’re taking the train to work, they are checking their phones and surfing online. When they are looking for deals, your app should be promoting it to that enormous audience of potential customers.
There’s a Growing Problem with Reverse Supply Chain: Here’s Why
Recent years have seen a boost in repurposing projects for underutilized industrial properties around the country. This has positive effects on areas that had become urban “dead zones,” breathing new life into disused neighborhoods.
You’ve seen the signs. In most every city in the country, a new type of fitness facility has been cropping up offering specialized services. The boutique fitness concept is a major trend, and has an impact on the CRE market.
Retail construction is leading all other property types, growing nearly 25% in 2015 over the previous year. The hard-hit retail sector is coming around, and a large portion of the building going on in retail is renovation rather than new construction. This trend is expected to continue, with estimates for retail construction growth coming in at 9% (120msf) for 2016. The added value will be about 10% ($20 billion).
The U.S. population saw overall growth of 9.7% in the years between 2000 and 2010, but growth in urban areas was higher, at 12.1%. Urbanization is a significant feature of growth around the world, and has considerable impact on commercial real estate.