Retail real estate serves as a medium for bringing products to consumers. This product type can range in size from a 3,000 square foot single tenant building to an 800,000 square foot Super Regional Center, and requires extensive leasing, property management, financial analysis, and advisory services talent. Tenant types vary greatly from a grocery store or home improvement center to small electronics stores and dry cleaners. Typically, retailers will lease space in a retail center in order to sell their products to the public; however some major national retailers will either buy their own building or develop a site themselves. The development and location of retail real estate is heavily driven by household income. It can be said that "retail follows rooftops" because retailers need to be in convenient locations for their consumers, and they want to be near the consumers that have disposable income to spend in their store.
|Role / Company||Location||Posted|
|AnalystMack Real Estate Group||New York, NY||May 27, 2022|
|Associate - Acquisitions, Development, & Asset Management Los Angeles, CaliforniaWoodridge Capital||Los Angeles, CA||May 26, 2022|
|Acquisitions AssociateIntercontinental Real Estate Corporation||Sherman Oaks (Los Angeles), CA||May 26, 2022|
|Investment Analyst - Commercial Real Estate FinanceNorthMarq||Phoenix, AZ||May 26, 2022|
|Vice President - Debt Originations - Century City, CA - HybridAllianz Real Estate of America||Century City, CA||May 26, 2022|
|Vice President - Debt Originations - Atlanta, GA - HybridAllianz Real Estate of America||Atlanta, GA||May 26, 2022|
|Director of ConstructionOcean State Job Lot||North Kingstown, RI||May 26, 2022|
|Vendor Contract SpecialistLivCor, LLC||Orlando, FL||May 26, 2022|
|Asset ManagerTutelian and Company Inc.||Fresno, CA||May 25, 2022|
|Commercial Real Estate Analyst / Junior ProducerPacific Southwest Realty Service||Los Angeles, CA||May 25, 2022|
Looking to the future
Retail real estate is only as successful as the tenants who occupy the space. Currently, traditional retailers are being challenged by online shopping and evolving retail distribution practices, which has resulted in a contraction of retail space demand nationally. As household incomes improve retail real estate receives a boost, yet much of retail development is currently on hold awaiting clear indications as to the consumer base for brick and mortar retail. Yet as the economy begins to recover and consumer confidence increases, there will be tremendous opportunities for retail investors, developers, and owners to capitalize on the upturn. Current opportunities include redevelopment, mixed use projects, and reconceptualization of the retail experience.