Lakeside Village - Outlet Shopping Centre’s Post

Ranking: The UK’s 10 most appealing high streets "Queen Street in Cardiff has ranked as the UK’s most appealing high street by new consumer research from American Express and GlobalData. The study, which surveyed 2,000 consumers across Britain to pinpoint what they believe makes for a great high street, was combined with in-depth analysis to identify the locations with the winning formula. Factors such as an attractive mix of retailers topped shoppers’ wish list (67%), with good parking a close second (62%). The research found that customers also value independent pubs and restaurants, with over half (52%) saying these make a high street ‘great’." by Georgia Wright at Retail Gazette American Express Dan Edelman GlobalData Plc Matt Piner #retailnews #highstreet #ukshopping

Without an urban holistic approach, high street retail will be on the brink soon. London's high-profile Regent Street also records empty units (along with some homeless people), just before XMAS.

Interesting read.

Fitzroys ‘Walk the Strip’ 2024 report shows Melbourne’s shopping strips are thriving at present, an outcome resulting from both a shift in retail consumer behaviours (increased desire to shop locally) and an accompanying mindset adjustment from strategic landlords. This is strongly evidenced in the current market state of Smith Street, Fitzroy with both local and national businesses targeting the high foot traffic location, resulting in a notable low vacancy rate of just 3.2%.    In the last month alone, Fitzroys successfully secured three retail tenants on behalf of three private landlords on both Smith Street and Johnston Street in Fitzroy. Strong enquiry numbers across all three locations exhibit a continuous uplift in business confidence within city-fringe locations. Please click on the link below for further information https://lnkd.in/gZDsxcuy

Retailers are increasingly seeking ways to bring customers into their stores in the current economy. As an experienced property manager, we can help by using innovative techniques to spread the word about tenant offerings that attract consumers. Finding creative ways to drive foot traffic is a boon to retail tenants that can have a far-reaching positive impact on these business owners and the property as a whole. For example, at one of the Southern California mixed-use properties we manage on a third-party basis, we sent flyers to the residential residents promoting a new pet store that opened on the building’s ground floor. We offered 10% off to customers who brought in the flyer. We also send residents email blasts about retail tenant grand openings and even set up kiosks in a residential walkway with information about retailers in the building to generate cross-synergy between the multifamily and retail segments. New challenges have emerged for owners, operators and tenants due to the changes in the post-pandemic retail environment. How can we help you effectively navigate these challenges and boost tenant sales at your retail or mixed-use properties? We’d love to connect >> https://lnkd.in/gTgrKVif #PropertyManagement #Multifamily #Retail #Mixeduse #CRE #Tenants #Residents #WNPM

Winning the town. In today's rapidly changing retail landscape, the old rules no longer apply 📣 In the retail- sphere, traditional strategies are no longer sufficient to meet the demands of today's consumers. The future of retail lies in building local ecosystems that cater to customers where they live and work, creating a personalised and community-centric shopping experience.  This shift towards "winning the town" is essential for retailers looking to thrive in a competitive market and establish meaningful connections with their target audience. At Dalton Park, we have defined what this shift means to us.  By understanding the unique needs and preferences of our surrounding area, we have successfully created a retail environment that goes beyond mere transactions to foster genuine relationships with our shoppers. Winning the town is not just a concept but a reality that is evident at Dalton Park. From curated local events that celebrate the community to partnerships with nearby businesses that enhance the overall experience, we aim to be a hub of local activity and connection. By focusing on building local ecosystems, we are able to reach customers on a deeper level, tapping into the emotional and social aspects of shopping that drive loyalty and engagement. This approach not only benefits our centre and retailers, but also enriches the lives of the community members who frequent our centre, creating a symbiotic relationship that is mutually beneficial. As the retail industry continues to evolve, the importance of winning the town through local ecosystems cannot be overstated.  Our goal at Dalton Park is to create a shopping experience that is not only convenient and enjoyable but also deeply rooted in the fabric of the community 🌟  #DaltonPark #WinningTheTown #LocalCommunity

It's concerning to see the challenges faced by retailers in Melbourne and other CBDs post-COVID-19. The shift to remote work has significantly impacted foot traffic, affecting the solvency of many struggling retail and hospitality businesses. However, one of my past major urban project involvement, as a proven Placemaker, "Melbourne Central", stands out as a thriving and bustling shopping hub in the entire CBDs of Australia. With no vacancies, high retail sales, and a growing number of visitors, it has become a top choice for leading global retailers to establish in Australia. My focus on "Destination Retail" has contributed to Melbourne Central's success. I created a unique and vibrant shopping experience that encourages repeat visitation and is captive to tourist visitors. By creating a rare "sense of place" that is hard to achieve. My "Placemaker" initiative to enhance connectivity within the city and integrate transport infrastructure has undoubtedly played a crucial role in the remarkable success of a thriving Melbourne Central this year, expecting a record level of visitor growth of around 40m, despite the CBD of Melbourne footfall being down over 500,000 per week, Melbourne Central has stood the "test of time". #Retail #MelbourneCentral #DestinationRetail #tourism #UrbanDevelopment #CBD #RetailSuccess #Harropfactor #Placemaker

This article explores why Phoenix is poised to exceed benchmark expectations. Key takeaways include impressive retail rental growth and a limited pipeline for new retail construction in the near future.   When you add in the city’s above-average population and household income growth, it’s clear that Phoenix is in a prime position for continued success. #retail #Phoenix #Arizona #rentalgrowth #retailinvesting #CRE #commercialrealestate #retailrealestate

See how Florida is responding to robust population growth in the latest issue of Shopping Center Business! On the cover: Spreading the Wealth Across Florida Robust population growth ushers in new retail developments and redevelopments in all corners of the Sunshine State. Inside this Issue ⤵ Anything But Mid Brokers, owners and developers active in the Mid-Atlantic’s retail sector describe a market bound by a strong consumer base, though the landscape varies somewhat across urban and suburban areas. By Hayden Spiess; insights from — Richard Lake, Roadside Development LLC; Robert Hoffman, Global Urban (Global Fund Investments LLC); Bill Miller, MILLER WALKER Retail Real Estate; Michael Howard, Rappaport; D. Wright Sigmund, The Sigmund Companies; Gary Michael, NAI Michael Companies. Cordish’s Florida Focus The Cordish Companies has ambitious entertainment development plans for the Sunshine State. By Randall Shearin, insights from Reed Cordish, The Cordish Companies. Read the issue: https://lnkd.in/eyFb2aHJ #CRE #Retail #CommercialRealEstateBusiness #Development

Retail Today / Retail Renaissance: Supermarkets vs Low-Income Neighborhoods “OPPORTUNITY or HEADACHE” #groceryindustry #lowincome #opportunity Twenty years ago, real estate developers moved aggressively into low-income areas, bringing retailers and restaurants owners. Now many of those communities are seeing a retreat of business. #retailindustry #restaurants #realestatedevelopers Obviously current trends have created an unmanageable environment for businesses. What are the roadblocks? Economic - Demographic - Real Estate Costs - Zoning - Crime - Vandalism - Operating Expenses - Consumer Demand However the bottomline, it became unprofitable and then safety concerns. #profitability Cities can scream about “Food Deserts”, but until governmental control takes responsibility, no business person is going to open stores. #fooddeserts #government #responsibility Family Dollar is closing 1,000 stores. #familydollar #dollartree Dollar General is opening 800 stores in 2024. #dollargeneral Aldi has committed to open 800 stores over the next few years. #aldi The one thing consistent in my travels, retail continues to grow where there’s opportunities for growth and profits. #growth #profitability As we discussed last week, Target’s plan for expanding in vibrant areas of Miami. #target #jobs #taxes #retail #retailtrends #shoppingexperience #stores #sales #TopRetailExperts