Commercial Real Estate Education

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By: spaceselectors   June 14, 2019

Great Location Study: High Traffic Counts

A great location has high traffic counts. Your retail investment needs footfall for it to be successful. That axiom applies to landlords and retailers alike. The actual type and volume of the traffic that is required for success can vary from project to project or concept to concept. No matter what, exposure to high numbers of potential consumers is always preferred. In a top 20 airport or on a high street in a major international city, one can expect tens of thousands of people to walk a

By: spaceselectors   June 14, 2019

Great Location Study: Diversity of Industries

A great location is in a city with diversity of industry. I created the Denver Retail Group at the onset of the Great Recession in early 2008. It was a calculated move to begin my business after a successful tenure with one of our industry's foremost developers, Forest City Enterprises. Before I launched my firm, I thought long and hard about where I should plant my flag. I could move back home to the Midwest, Ohio. I could move to one of my favorite cities on the coasts. Ultimately, I bet on

By: spaceselectors   June 14, 2019

Great Location Study: Seating

A great location has ample seating. We work in landside and airside retail environments. In spite of the major differences between them, the phrase 'dwell time' is often used to describe the behavior that we hope to illicit from customers. On the street or in an airport, the pace is 'go, go, go'. As landlords often spend hundreds of millions of dollars trying to create an attractive atmosphere for commerce and entertainment, they definitely want people to stop. In airports, airport authori

By: spaceselectors   June 14, 2019

Great Location Study: Demassification

A great location guards against demassification. It's a word that we're hearing more and more in an age where technology in retail is challenging bricks and mortar storefronts. As unfamiliar as the word may be in your vernacular, its effects can be seen throughout every community in America. Demassification can be simplified into one general concept..."the end of everyone shopping at the same specialty store for the same items". The disappearance of large format music stores, the near exti

By: spaceselectors   June 14, 2019

Great Location Study: Historical Significance

A great location has historical significance. Le Pont des Arts, 'the Bridge of the Arts' or 'The Arts Bridge, in Paris, France is situated among some of the most significant art and cultural institutions in the world. Local pedestrians and tourists from around the world swarm across this bridge every day like fire ants marching in procession to and from their nest. There are many people that use the bridge to go to work, school or simply for a nice walk. However, in the mid-2000s, people b

By: spaceselectors   June 14, 2019

Great Location Study: Duplicative Uses

Executing leases and creating rental revenue is the top priority for a landlord. Opening stores where potential customers live or work is a priority for retailers. This co-dependency explains a few categorical waves of specific types of retail concepts seemingly opening (and closing) everywhere, every day. At one point in the '80s, then '90s, then mid '00s, frozen yogurt shops were exploding in strip centers all across the U.S. In the mid '00s, a wave of specialty burger shops tried to sizzle

By: spaceselectors   June 14, 2019

Great Location Study: ‘Misters’

A great location has 'misters'. There's the faintest hint of Spring on our minds if not in the air for those of us that have endured the U.S. winter of 2018-2019. As futile as it may be, I've been reflecting on the hot days of summer. However, I haven't forgotten that the sweltering hot days are as unrelenting as the bitter cold ones. Thankfully, decorative plumbing fixtures, aka 'misters', provide relief on sweltering days. Landlords usually provide great patio space for restaurant tenant

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