Commercial Real Estate Education

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By: spaceselectors   June 14, 2019

Great Location Study: Growth

A great location inspires growth. So many aspects of personal and business life are improved when things are abundant, obvious and clear. As it is with demographic and economic growth and real estate. WARNING - All growth is not created equal! Don't chase it. Marrying growth indicators with an investment strategy or a product offering is more often demanding than it is effortless. The right entry point for a landlord to acquire retail dirt for development may need to be 4-7 years before th

By: spaceselectors   June 14, 2019

Great Location Strategy: Dare to Be Different

A great location brings something different to the area. Cookie cutter. Same 'ol, same 'ol. Tried and true. GREAT sayings...some of the best. I triple-dog-dare a landlord or tenant to embark on a new retail initiative with (another fan favorite) a status quo commercial offering in 2019. The outcome won't be pretty for long. Sure, you or I can point to projects or neighborhoods that have achieved a modicum of success with an expected or familiar strategy. It's not that putting a proven plan

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

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