Shopping Centers Today August 2015
Outparcels are outliers no longer. Once a fringe niche in the retail leasing and investment world, these pad sites on the outskirts of shopping centers are getting snapped up at a record pace.— SCT August 2015
The Common Area
A brick-and-mortar retail store will play a part in 83 percent of all U.S. back-to-school purchases this year, according to an ICSC survey of 1,000 consumers.
CEO Jodie Mclean is the architect of landlord Edens’ neighborhood focus. “What makes a great retail experience is the intimate connection it conjures with the consumer,” she said.
More brands are entering the mall via vending machines.So-called automated retail is catching on in part because this can be a strategic way for landlords to meet the needs of their on-the-go shoppers.— SCT August 2015
The Bottom Line
The value of the globe’s commercial real estate hit a record $13.6 trillion last year, according to DTZ research.— SCT August 2015