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: Reasonable Repairs

A great location makes repairs in a reasonable time frame. I'm trying to think of who likes to walk into a shabby, unkempt restaurant or retail location. ???? I'm coming up empty. Landlords and tenants view themselves in the highest regards and often espouse the 'best' in this, or the 'greatest' in that monikers. Yet, it's common to drive into a landlord's parking lot and see chunks of asphalt missing from the surface. Or, have you ever walked into a bathroom at a restaurant, looked to was

By: spaceselectors   June 14, 2019

Great Location Study: Near Large Employers

A great location is near a large employer. Ideally, there are several large employers near a great retail location. While employees of large entities spend most of their day at work while in close proximity to a retail project, there are brief moments before, during and after the workday when those employees can patronize a great tenant or shopping center. Large employers don't have to exist in skyscrapers either. All too often, vast swaths of industrial facilities are discounted

By: spaceselectors   June 14, 2019

Great Location Study: No Obstructions

A great location has no obstructions. How many times have you changed your mind about buying something when you realize that you have to; cross the street, climb stairs, 'go around back', push a stroller across gravel, take an elevator, make an appointment, be a member, go under an overpass, pay a toll or cross a bridge? I don't know how many times I've changed my mind due to an unexpected or cumbersome layer that made shopping more difficult. I just know that I've done it many times. We o

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