Retail real estate serves as a medium for bringing products to consumers. This product type can range in size from a 3,000 square foot single tenant building to an 800,000 square foot Super Regional Center, and requires extensive leasing, property management, financial analysis, and advisory services talent. Tenant types vary greatly from a grocery store or home improvement center to small electronics stores and dry cleaners. Typically, retailers will lease space in a retail center in order to sell their products to the public; however some major national retailers will either buy their own building or develop a site themselves. The development and location of retail real estate is heavily driven by household income. It can be said that "retail follows rooftops" because retailers need to be in convenient locations for their consumers, and they want to be near the consumers that have disposable income to spend in their store.
|Role / Company||Location||Posted|
|Development AssociateDLC Management Corporation||Elmsford, NY||May 31, 2023|
|Credit Underwriting VP/AssociateFour Springs Capital Trust||Wall, NJ||May 31, 2023|
|Development ManagerLBX Investments||Atlanta, GA||May 31, 2023|
|Debt Capital Markets AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management AnalystBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|Investment Management Associate Vice President / Vice PresidentBrightSpire Capital, Inc.||New York, NY||May 30, 2023|
|AssociateTavros Holdings LLC||New York, NY||May 26, 2023|
|Town PlannerTown of Bay Harbor Islands||Bay Harbor Islands, FL||May 25, 2023|
|Development ManagerSerac Capital Partners||Houston, TX||May 24, 2023|
|Development AssociateYoungwoo & Associates||New York, NY||May 25, 2023|
Looking to the future
Retail real estate is only as successful as the tenants who occupy the space. Currently, traditional retailers are being challenged by online shopping and evolving retail distribution practices, which has resulted in a contraction of retail space demand nationally. As household incomes improve retail real estate receives a boost, yet much of retail development is currently on hold awaiting clear indications as to the consumer base for brick and mortar retail. Yet as the economy begins to recover and consumer confidence increases, there will be tremendous opportunities for retail investors, developers, and owners to capitalize on the upturn. Current opportunities include redevelopment, mixed use projects, and reconceptualization of the retail experience.