NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.
Retail Property Trends
Retail Gets Real Podcast: The Future of Bricks-And-Mortar Retail (National Retail Federation, Mar. 29, 2022)
“Store openings are outpacing store closures, says Anjee Solanki, U.S. national director of retail for Colliers, a firm that manages a portfolio of over 2 billion square feet of retail establishments in the United States. Solanki says non-traditional retail such as wellness centers or new pet store concepts are changing the traditional retail space and inviting customers in, while experiential retailing concepts are maturing. Retail that sparks the five senses — touch, hearing, sight, taste and smell — creates a memorable moment and connection that Solanki describes as the sixth sense of a retail experience.”
Target, Amazon Debut Sustainable Store Concepts (Retail Dive, Mar. 21, 2022)
“With consumers prioritizing environmental sustainability, Amazon and Target unveiled stores that aim to use less energy than they produce, the retailers announced last week. Target's first net zero energy store is located in Vista, California, and the new Amazon Fresh store, which is pursuing net zero carbon certification, is located in Seattle.”
Did Ecommerce and COVID Kill Experiential Retail? Not a Chance (REjournals, Mar. 17, 2022)
Experiential retail that flourished prior to the pandemic has recently started to bounce back. Consumers are eager to get out of the house and have new experiences. This can also drive business to more traditional retailers located near experiential concepts.
How Retail Responds (Commercial Investment Real Estate Magazine, Winter 2022)
“Examining what various commercial real estate sectors can expect in 2022 and beyond, Dan Spiegel, managing director at Coldwell Banker Commercial, discusses the retail market’s prospects in the wake of the COVID-19 pandemic. While shutdowns and public health restrictions have made life difficult for some retail sectors, demand for investment properties looks to remain strong. Spiegel also emphasizes the available opportunities for CRE professionals who can think creatively and find new solutions.”
Retail: U.S. Real Estate Market Outlook 2022 (CBRE, Dec. 2021)
“Retailers are using space more efficiently, especially in grocery anchored centers, which combined with limited development, higher consumer spending and economic growth, will invigorate the retail sector in 2022.”
Leasing Tips & Trends
How the Pandemic Gave Commercial Real Estate Tenants the Upper Hand (CBS News, Mar. 25, 2022)
“These are some of the features of new leases tenants deem most important:
- Flexibility clauses
- More free rent
- Tenant improvement allowances
- Space in sustainable buildings
Flexibility is at the top of tenants’ wish lists when signing leases, according to brokers.”
Could the Future of The Store Be Rent by the Hour? (Insider Trends, Jan. 7, 2022)
“Very few retailers need a shop seven days a week. What’s more, most shops are open from 10am until 6pm. With our model you could utilise the space outside of those times for events and other activities.
By maximising utility, we can drive more revenue for landlords and have all sorts of much more interesting uses of the spaces at the right times of the week. We want to be in thousands of locations, so that you can have a strategy around real estate – whether you’re a retailer, an esports brand, a gym, a bank, an office, or anything else.”
What Leasing a Retail Space Actually Costs (Crexi, Nov. 29, 2021)
This overview of key points in retail leasing covers the main types of retail leases, budgeting, calculating rent, factors that impact leasing costs, and extra costs to consider.
Commercial Leasing Post-COVID: One CPM’s Perspective
, Nov. 10, 2021)
With the retail market turning toward recovery, some changes are in the air for leasing. Landlords are showing more flexibility in leases, businesses owners want smaller footprints, and technology is making an impact on leasing and operations.
Surviving Volatility (Commercial Investment Real Estate Magazine, Spring 2021)
Recent disruptions have emphasized the need for corporate real estate professionals to understand lease renegotiations. Some tenants may need to explore subleasing or buyouts prior to their lease expiration. Be prepared to adapt and offer creative solutions.
Investing in Retail Properties
An Investor’s Guide to Retail REITs (First National Realty Partners, Mar. 29, 2022)
A deep dive into retail REIT investing looks at the subcategories of retail REITs and weighs the benefits and risks of this type of investment.
Retail REITs (Nareit®, Mar. 28, 2022)
Retail REITs (Real Estate Investment Trusts) are companies that own and manage retail properties such as malls, shopping centers, and power centers. This overview includes sections on how to invest in retail REITs, quarterly data, performance details, news, and a list of retail REITs.
Yes, Lenders Are Interested in Financing Retail Properties (WealthManagement.com, Feb. 22, 2022)
“Mortgage bankers and lenders across the U.S. want real estate owners to know one very important fact: debt is widely available for retail properties after a couple of years of being hard to come by. Melody notes that the lion’s share of capital was “not really interested” in retail in 2021. And if they were, their interest was limited to grocery-anchored centers, which are widely viewed as the most recession-resistant property type within the retail sector.
But lender sentiment has shifted significantly, Melody says.”
Retail Investment Volume Is Exploding (GlobeSt, Feb. 15, 2022)
Nationally, retail investment volume is back to pre-pandemic levels. Demand grew over the course of 2021, with a particularly strong showing from single tenant net leases. Additionally, there is plenty of capital available to both domestic and foreign investors.
Retail Industry Leaders Association
“The Retail Industry Leaders Association is the US trade association for leading retailers. RILA partners with leading retailers to meet the challenges of a dynamic economy. Through collaboration and thought leadership, we advance ideas that foster free markets, competition, economic growth, and sustainability.”
“A CCIM is a Certified Commercial Investment Member. For more than 50 years, the CCIM designation remains the gold standard for commercial real estate professionals, including appraisers, asset managers, brokers, developers, investors, lenders, and other allied professionals.”
International Council of Shopping Centers
“The member organization for industry advancement, ICSC promotes and elevates the marketplaces and spaces where people shop, dine, work, play and gather as foundational and vital ingredients of communities and economies.”
“IREM® is an international institute with the learning, certifications, and networking that property managers need to take on real estate management’s most dynamic challenges.”
National Grocers Association
“For nearly 40 years, the National Grocers Association (NGA) has represented independent supermarket operators in every congressional district across the country, and the wholesalers that service them.”
National Retail Federation
“The National Retail Federation, the world’s largest retail trade association, passionately advocates for the people, brands, policies and ideas that help retail thrive.”
eBooks & Other Resources
The following eBooks and digital audiobooks are available to NAR members:
Big Box Reuse (eBook)
Commercial Property Investing Explained Simply (eBook)
The Complete Guide to Financing Real Estate Developments (eBook)
The Dynamics of Property Location (eBook)
The Encyclopedia of Commercial Real Estate Advice (eBook)
Gen BuY: How Tweens, Teens and Twenty-Somethings are Revolutionizing Retail! (eBook)
Real Estate Development and Investment (eBook)
Sustainable Property Development (eBook)
Books, Videos, Research Reports & More
As a member benefit, the following resources and more are available for loan through the NAR Library. Items will be mailed directly to you or made available for pickup at the REALTOR® Building in Chicago.
Retail Development (Washington, D.C. : Urban Land Institute, 2008) HF5430.R48 2008
Green Retail: Selected Readings (Washington, D.C. :Urban Land Institute, 2007) NA 6230 Ur1g
Retail 1-2-3: A Workbook for Local Officials (Chicago, IL : Metropolitan Planning Council, 2007) HF 5429 El7
The Lease Manual: A Practical Guide to Negotiating Office, Retail, and Industrial Leases (Chicago, IL :American Bar Association, 2006) KF593.C6 D55
Have an idea for a real estate topic? Send us your suggestions.
The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.