In a recent survey of property management groups across the US, Retailsphere asked several questions regarding rent abatement requests, specifically looking at which retail categories have made these requests most and least frequently. With over 66,000 units representing over 4,400 shopping centers in every geography in the US, it turns out that salons asked for […]
Retail has a long history of adapting to changing economic conditions, though profound industry change has never come as quickly as in the past dozen years, as the Great Recession, the rise of Amazon and now the COVID-19 pandemic have rocked physical stores, forcing shopping centers and tenants into a rapid succession of adjustments.Out of […]
With cold months behind us and COVID cases on the decline, we are entering into a new season: a season of hope. Retailers are reflecting that hopeful attitude by opening more locations. Hope is permeating as vaccines are widely available and as a nation we are shrugging off the hardships of enduring over a year […]
We will feel the ripple effect from the COVID-19 pandemic for years to come. As states begin to allow businesses to re-open, foot traffic is still down, anxiety is heightened, and everyone is wishing for a crystal ball. While we can't tell the future, we can anticipate life beyond these challenges. Here are three ways […]
Open outdoor space integrated among retail has become a highly sought after luxury during the COVID-19 pandemic, while requiring ample amount of open space for social distancing. Though we may be on the tail end of the pandemic, the commodity of open outdoor space in shopping centers will be a desirable trend moving forward and […]
Having bad tenants is an inevitability. For some landlords and property managers, the Coronavirus pandemic has highlighted the actions of your worst tenants. They may not be paying rent as sales have slowed or they might not be following local regulations as they open. Regardless of the issues, the stress of recent events has often […]
Over the past decade craft beer has often seemed like a sure bet when it comes to growth and stability. In 2010 there were just 1,759 craft brewers in the US. In 2019, there were almost 7,500. The industry also saw 4% growth in production year over year, increasing the craft segment's market share of […]
Small plates focus on the community aspect of dining. What was once reserved for the appetizer course, small plate restaurants offer diners to share an experience with one another. Can this type of dining survive through Covid-19? Will people want to share food once restaurants reopen? Before the current pandemic, you may have already noticed […]
According to consumers, take out and delivery is most commonly associated with pizza. To be precise, when consumers were asked, 63% reported they wanted pizza. The pandemic has hearkened in a new age for restaurants in many respects. One aspect all restaurants have had to learn early on to survive financially in 2020 is that […]
The pandemic forced sweeping closures of daycare facilities across the country earlier this year, and while many have re-opened, it seems almost 40% of childcare centers and family childcare programs remain closed nationwide. Those that remain open are operating at very low capacity. But don’t count them out as potential tenants. While challenges are present, […]
