A lot has changed in recent years. Today, consumers want their products delivered now, or rather, yesterday. Perhaps more than any other industry, retail is being forced to adapt rapidly or pay the price.
Retailers must consistently deliver the right assortment of products as quickly as possible without passing any… Read More
Our brokerage platform continues to expand, and last month industry veterans Donna Kolius, Pierce Owens and Kaylie Walker joined JLL in Houston. The team focuses on multi-market dispositions, national portfolio strategies, and sale leasebacks for corporations, private equity firms, real estate investment trusts, investors and retailers.
They recently returned from ICSC RECon. Here’s what they had to say about some key takeaways from the shopping center industry’s largest convention.… Read More
Banking is no longer about which brand has the most locations. Today, it’s about how effectively a bank delivers services to its customers and their need for remote, anytime, anywhere access for their transactions.
As a result, the FDIC estimates today, on a net basis, there are almost 7,700… Read More
Traditional department stores face headwinds as consumers choose to shop in discount stores, at specialty stores and on the web. Major department stores have announced sizable closures this year, and as many as 324 stores across the U.S. will soon be empty, adding about 36 million square feet… Read More
Houston’s retail supply is finally beginning to satiate the red-hot demand of the latest growth cycle.
The city’s retail construction pipeline decreased in the first quarter of this year, settling at 2.7 million square feet. This represents a significant, but ultimately inevitable decrease from the… Read More
More than 440 grocery stores opened in the U.S. in 2016. The Lone Star State was home to the most new grocery store openings with 3.04 million square feet or 16.13 percent of new grocery space leased. Much of this expansion was driven by… Read More
Holiday sales figures generally grow or shrink in line with the U.S. economy. Just as the U.S. GDP has shown slow, steady growth since the end of the recession, so too have holiday sales. Last year’s holiday sales grew by 3.2 percent. This year’s growth is expected to be… Read More