I started my CRE career in the office world (first 3.5 yrs). Since jumping into retail development (3.5 yrs in) I firmly believe RETAIL has TRUE competitive drivers that benefit strategy and intentionality. Here is why: 1. Value is more "real" (pun intended)... Retail, in nature, has TRUE value within your project (better location, traffic volume, access, visibility, co-tenancy / anchors, etc...) 2. Better tenant sales (likely) = better LL returns 3. Retail grows wide and rapidly... Retail tenants area national and regional... this leads to national and regional connections (larger network and pool) 4. Quality matters... Tenants demand quality and will pay a (relative) premium for quality. Develop quality efficiently and you build relationships 5. Data matters... data drives rents and ultimately disposition prices. PLEASE ADD YOUR THOUGHTS! There are plenty more value driven items to add. #retwit #cre #retail #commercialrealestate #data #retailer

Let's talk #restaurants: According to Yelp, there was a substantial increase in openings in the F&B sectors. Here are 3 data points: 1. 53,793 NEW restaurant openings in 2023, up 10% from 2022. 2. Openings in the "nightlife" category rose 11% y-o-y. 3. Food businesses (food trucks, juice bars, brewpubs) increased 16% y-o-y. In addition, Yelp's study indicates EVERY state surpassed pre-pandemic business openings for the first time since COVID (year marker 2019). #cre #retail #restaurant #retailrealestate #restaurantindustry #restaurantbusiness #retwit #crex all information pulled from a @CBRE study.

Let's talk PNC: Similar to the likes of Chase Bank, PNC plans to invest in new units and up-fits of their existing units. $1B. 100 new branches. 1,200 renovations. #cre #retailers #retailrealestate #retail #commercialrealestate #retwit #crex shoppingcenterbusiness.com/p…

Let's talk @blackstone and @7BrewCoffee: Blackstone is entering the operator sector with their "growth investment" in & Brew. The intent of Blackstone's investment is to enable the next generation drive-thru beverage giant's already-rapid expansion across the US. Blackstone, similar to Goldman's investment into Zaxby's, will collaborate with its premier franchise partners. #cre #retail #drivethru #coffee #retailers #operators #commercialrealestate #retailrealestate restaurantbusinessonline.com…

Let’s talk Chipotle Mexican Grill: CEO Brian Niccol commented, “fundamentally those better-than-expected results are an indication that Chipotle remains a great value”. By the end of Q4, same-store sales were up 8.4%, driven by a 7.4% increase in transactions. In 2023, Chipotle’s same-store sales increased 7.9%, 5% driven by transaction volume and 2.9% driven by an increase in average check size, included menu price hikes. #cre #retail #cretrends #retailers #qsr #growth #sales #crex #retwit restaurantbusinessonline.com…

Let’s talk Amazon technology, “Rufus”: Move over Alexa, Amazon’s Rufus product is an AI shopping assistant trained on Amazon’s catalog and supplemental information collected from the wed to answer customer questions specific, but not limited to, shopping needs, product comparison, recommendations, and additional product discoveries. Amazon continues to build efficiencies with innovative technologies that reinvent and set new standards of the customer experience. #retail #retailer #amazon #technology #proptech #cretech #cretrends #retwit #crex retaildive.com/news/alexa-am…

Let's talk restaurants: Despite projections for the restaurant industry to earn "$125M per hour" in 2024, operators remain cautiously optimistic due to a lack of profitability. The lack of profitability comes due to increased cost(s) of labor, food, and inflation. #retail #qsr #fastfood #sitdown #restaurant #earnings #retailrealestate #retailers #restaurants qsrmagazine.com/story/restau…

Let's talk mixed-use (#MXU) development: People crave engaging, memorable, experiences and there is no better destination than a MXU developments that creates a harmonious blend of retailers, restaurants, entertainment venues, office space, hotels and housing. At the forefront of a developer's (and AEC's) mind is: - Ease of access - Community focus - Design sustainability The perfect mix is elusive. #retail #retaildevelopment #retailers #MXU #development #retwit #crex csemag.com/articles/designin…

Let’s talk luxury brand, Neiman Marcus Group (NMG): In 2020, NMG filed for bankruptcy and refinanced an additional $1.1B in debt the year after. At the time they were overleveraged, CEO Geoffroy van Raemdonck adds “[NMG] couldn’t invest in the business. We were very focused on transactions, as opposed to driving relationships and gaining share.” The brands’ new found “solid balance sheet and strong liquidity” allows them to invest in the supply chain, opening new distribution centers, adding enhanced data capabilities to improve personalization and drive sales. In addition, their restructuring of existing lease obligations allows them to make upwards of $200M in improvements, predominately funded by its landlords and brand relationships. #cre #retail #mall #luxurybrands #retailrealestate #investments #recap #sales retaildive.com/news/saks-nei…

Let’s talk Amazon: The e-commerce giant’s Q4 online sales increase 9% year over year, amounting to $70.5B in sales. Their physical store sales increase 4% to $5.2B. Total company net sales, including AWS cloud services, rose 14% to $170 billion. Net income reached $10.6 billion from $278 million a year ago In addition to sales, Amazon clips a WHOPPING $14.7B in advertising and $43.6B in third-party seller(s) fees (up 27% and 20%, respectively, year over year). Simply astonishing. #cre #amazon #retail #onlineretail #onlinesales #retailers #commercialrealestate #crex #retwit

Let’s talk Chase Bank (JPMorgan Chase & Co.): JPMorgan plans to open 500 new Chase Bank units over the next three years. In addition to supplementing their footprint in major markets, the financial giant intends to enter several new markets, including “low- to moderate-income rural communities” who have limited access to traditional banking services / branches. #cre #cretrends #retail #commercialrealestate #retailers #growth #crex #retwit shoppingcenterbusiness.com/j…

Let’s talk @ChipotleTweets: Chipotle continues unprecedented growth targeting 285-315 new unit openings in 2024 (271 units in 2023). Also notable from the article: – Net income for 2023 was $1.23 billion ($899.1 million in 2022) - 7.9% increase in sales during 2023 (according to Restaurant Business Online). #cre #retail #commercialrealestate #retailers #growth #expansion #retailrealestate #cretrends #crex #retwit chainstoreage.com/chipotle-d…

Let's talk The Habit Burger Grill: With six new openings, Habit Burger is in strategic growth mode in the state of South Carolina. #cre #retail #retailrealestate #retailgrowth #operator #burger #fastfood #drivethru #crex #retwit qsrmagazine.com/news/the-hab…

Let's talk Wawa: Currently operating over 1,000 units, the Pennsylvania-based, @Wawa, continues its rapid growth. Wawa sets their sites on opening over 340 units in 7 new states (GA, AL, NC, TN, KY, OH, IN). #growth #retail #retailrealestate #cstore #gas #commercialrealestate #retwit #crex cstoredive.com/news/wawa-us-…

Let's talk #proptech Albeit only the last few minutes of the podcast, David Moore of Knightvest Capital, comments: "it is a dinosaur industry...". When @fortworthchris comments further, David elaborates on some of the inherent issues by adding, "don't make me have to buy your product and hire 3 people to oversee it to then save the equivalent cost of 3 people I just hired". #cre #cretech #propertytech #commercialrealestate #technology youtube.com/watch?v=B_3BL_Ra…

Preach! Growth, growth, growth! – at Atlanta, GA