{"id":1004118670,"date":"2015-05-01T11:42:46","date_gmt":"2015-05-01T19:42:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004118670"},"modified":"2022-12-04T09:04:53","modified_gmt":"2022-12-04T17:04:53","slug":"shop-around","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/shop-around\/","title":{"rendered":"Shop Around"},"content":{"rendered":"<p>People are shopping again, and the retail real estate sector is reaping the rewards. While every retail segment isn\u2019t expanding\u2014and some are shrinking due to mergers or store closures\u2014the improving economy and job market are generally boosting demand for square footage. What\u2019s more, absorption is smarter than it was in the last upcycle, with retailers tending to favor smaller footprints and add fewer stores.<\/p>\n<div id=\"attachment_1004102949\" style=\"width: 160px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/SSilverman.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004102949\" data-attachment-id=\"1004102949\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-next-big-thing\/ssilverman\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/SSilverman-e1484306142497.jpg\" data-orig-size=\"227,171\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"SSilverman\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/SSilverman-e1484306142497.jpg?w=227\" class=\"size-thumbnail wp-image-1004102949 \" alt=\"Suzann D. Silverman, Editorial Director\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/08\/SSilverman.jpg\" width=\"150\" height=\"150\" \/><\/a><p id=\"caption-attachment-1004102949\" class=\"wp-caption-text\">Suzann D. Silverman, Editorial Director<\/p><\/div>\n<p>Will that make a difference? There is reason to hope so. The retail industry has historically been very data driven, carefully tracking demographic trends, competitors\u2019 locations, traffic patterns and other metrics, the better to locate stores and attract consumers. Yet it also has a history of overexpansion, and when too many stores open too quickly, consolidation is almost inevitably the result.<\/p>\n<p>History has a habit of repeating itself, but this time around, retailers and landlords are facing new challenges with creative solutions that promise some protection against familiar pitfalls. Shopping center owners are backfilling space and changing up the tenant mix as they capitalize on interest from new quarters, such as healthcare providers, secondary schools and universities, and pop-up retailers. And retailers are not only expanding more cautiously but adjusting their existing sites to strike a better balance between in-store and e-commerce business. In doing so, they are devising better ways to serve customers faster and more easily. Such experimentation suggests an openness to creative thinking and is likely to breed a continuing stream of fresh ideas.<\/p>\n<p>In the realm of demographic shifts, retailers have been at the forefront of efforts to win business by catering to both generational and cultural preferences. As the nation becomes ever more ethnically diverse, retailers and their landlords would do well to adjust their strategies accordingly. This year\u2019s CPE-Nielsen Special Report offers county-level detail on the nation\u2019s changing multicultural landscape, locations that offer the greatest opportunity for targeted retail efforts, and insights from investors who have harvested the fruits of their best practices. You\u2019ll find further new ideas, plus valuable data and analysis, throughout the issue\u2019s Retail Special Section, designed to jumpstart your thinking as you prepare for RECon, the International Council of Shopping Centers\u2019 annual spring event in Las Vegas.<\/p>\n<p>Creativity isn\u2019t just for the retail-minded, of course; a willingness to take smart risks and think creatively benefits any company\u2014and the industry at large. With that in mind, we\u2019ve selected 13 executives who have advanced their companies and introduced industry-benefiting strategies, highlighting their accomplishments in the special report Most Innovative Real Estate Executives.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>People are shopping again, and the retail real estate sector is reaping the rewards.<\/p>\n","protected":false},"author":952,"featured_media":1004507558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21788],"tags":[],"class_list":["post-1004118670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-notes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Shop Around - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/shop-around\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shop Around\" \/>\n<meta property=\"og:description\" content=\"People are shopping again, and the retail real estate sector is reaping the rewards.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/shop-around\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-01T19:42:46+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-04T17:04:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/SSilverman-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"480\" \/>\n\t<meta property=\"og:image:height\" content=\"270\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/shop-around\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/shop-around\/\",\"name\":\"Shop Around - 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