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Posts Tagged ‘Commercial’

Retail sales: by watching the gross sales of retailers, you can predict if they'll be able to pay rent, and how the property as a whole will perform.  In 4th quarter 2009, sales began to go up again, and that could be the saving factor for rental rates and occupancy rates in Hawaii.   Retailers expanding and contracting: The biggest surprise is that Luxury retailers, along with best sellers, discount retailers and apparel and department stores, showed an increase in sales.  Stores such as Neiman Marcus and Nordstrom had about a 4.5% increase in sales.   Shopping Center statistics: We've been seeing a drop in tenant sales that increases as you get further away from the .. more»

There are many important factors that effect the price of commercial real estate, but perhaps few are as important as that of the local job market. Without a strong and growing job market, it’s nearly impossible for an area to support the retail establishments, restaurants and businesses that sustain neighborhoods. It’s important for any would be commercial real estate investor, whether they specialize in retail, office, industrial, or warehouse properties, to thoroughly research the health of the local job market before making an investment decision. You have to look at the local unemployment rate and compare it to the averages for the state and the nation as a whole. .. more»

Can you afford commercial real estate on the Chicago Magnificent Mile? If you can, your business will be in good company, and you can make a lot of money! A festival of restaurant dining, theater and jazz experiences, shopping, hotels and entertainment, Chicago's Magnificent Mile is abuzz with activity from Spring through Fall, and those merchants and commercial vendors who are lucky and wealthy enough to rent space in Chicago's most productive real estate market, are the fortunate recipients of some pretty hefty income. The Magnificent Mile stretches from Randolph Street to North Avenue and from Lake Michigan to the North Branch Canal, and it is Chicago's most expensive commercial real estate. .. more»