The future of the shopping center depends on its tenants ability to connect with buyers. Consumers have lots of online retail buying opportunities. Shopping centers who are engaging with consumers directly are proving to be more prosperous than those not doing anything. Events sponsored by shopping centers can realize community functions such as increased social interaction and strengthen social bonds. Some centers are serving as a public place
Technology, demographics, and different consumer expectations are the three main drivers of change in the retail industry. Consumers are more connected now than ever before with their personal mobile devices and successful digitally native retail brands are fast becoming popular. Consumer habits are changing, and with that, so are expectations. There is now a stronger emphasis on restaurants, fitness, recreation and entertaintment
BUYING COMMERCIAL INCOME REAL ESTATE
Owners purchase income-producing properties for two main reasons: 1) Investment 2) Speculation. Investors in real estate often have a longer holding period then those who buy for speculation. The primary opportunities for inesvtors are A) Periodic return (cash flow) B) Capital preservation (safety) C) Capital appreciation (hedge against inflation) D. Leverage (other people’s money) E. Income Tax Advantage
The ability to see a storefront from a major roadway, intersection or pedestrian sidewalk is a major consideration for retailers. Generally, retail spaces that are tucked away from view by the natural landscape or poor placement will experience lower sales volumes than retailers clearly visible to passersby. A consumer’s decision to frequent a retailer can be driven by seeing
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