It’s no secret that the rise of the millennial consumer has been a driving force in the acceleration of e-commerce growth. They’re tech savvy, they embrace e-commerce and they use their smartphones to shop. And, according to the Pew Research Center, millennials surpassed baby boomers as […]
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A combination of technology advancements and consumer behavior are disrupting commercial real estate, yet from these changes are coming opportunities to redefine an industry that meets demands of both the new consumer and the new tenant. James Eckenrode with Deloitte took to the stage at the Commercial […]
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Seeking a dynamic work, live, play experience in greater Phoenix? Look no further than Scottsdale Quarter, a 28-acre, open-air, mixed-use development that will reach more than 1 million square feet when fully completed. Attendees of NAIOP’s Commercial Real Estate Conference 2016 enjoyed a guided tour of […]
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Mark Twain is often quoted as saying, “The reports of my death are greatly exaggerated.” If the retail sector had a collective voice, it might echo what the great writer once said. It may surprise those who’ve seen recent headlines to hear that while several retail categories have been […]
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Earlier this year, Amazon stunned Wall Street by delivering an earnings per share 60 percent higher than expected — $1.78 per share above the projected $1.11. Naturally, Amazon stock soared and in one day, Amazon surpassed Exxon-Mobil to become the fourth most valuable company on earth. […]
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How do construction and development expenditures for office, retail, warehouse and industrial stack up? The NAIOP Research Foundation sought to define the spending for each in its newest research report, “Economic Impacts of Commercial Real Estate, 2016 Edition.” “Hard costs” define the construction portion of development, […]
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Construction growth has become more tempered this year compared to the last few years, as many companies take a “proceed with caution” attitude to capital spending. Rising construction costs and global economic uncertainty have companies holding tight on capital budgets this year, according to JLL’s latest […]
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Clothes, shoes, home goods and even groceries: buying online is faster, more convenient and sometimes less expensive. You know your sizes, favorite brands and trusted retailers. But how about buying jewelry online? Can you envision the weight, style or quality? Online jewelry retailer Blue Nile is […]
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“One cannot think well, love well, sleep well, if one has not dined well,” says Virginia Woolf in “A Room of One’s Own.” And she’s right: Americans now spend more money at restaurants than they do at grocery stores, according to a report, Rise of the […]
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Shoppers can expect to see more open-air lifestyle centers than closed-in, windowless malls, thanks to a rising trend in retail redevelopment. Malls from coast-to-coast are being repositioned as open-air, walkable retail plazas. These more pedestrian-friendly shopping areas offer more of a “main street” experience, including outdoor […]
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