Tag Archives: Retail

Q&A: Paul Rutledge on ICSC, malls, and future of retail

0 CommentsBy

With ICSC Orlando, Florida’s largest retail real estate conference, wrapping up last month, we sat down with JLL’s Senior Vice President Paul Rutledge who attended and taught at the ICSC’s annual confab, to find out what he thought about this year’s conference, Florida’s retail market, and the state of malls.

 

 

 

 

 

 

 

 

 

 

How would you… Read More

Florida retailers see rents climb as demand outpaces supply

0 CommentsBy

Shopping centers’ concepts continue to evolve as developers of massive mixed-use regional projects lean heavily on entertainment features and more sophisticated dining options to entice shoppers. Although several megamalls are on the drawing boards in Florida, development in the near term is lagging behind demand, keeping occupancies and rents high.

JLL’s 2018 Fall Florida Retail Report breaks down the big-picture trends that are changing the face of retail as well as the… Read More

CRE Hurricane Prep: How to Plan, Communicate and Secure Properties

0 CommentsBy

As the state of Florida braces for another hurricane season, which kicked off earlier this month and runs until November 30th, it’s important to know what preparations and measures to take in advance to properly protect commercial real estate properties.

Forecasters are predicting another active hurricane season following an intense 2017 that included the impactful landfall of Hurricane Irma. This year, Florida is expected to experience about seven hurricanes – three hurricanes… Read More

Florida Outperforms National Trends as Retail Inches toward a Slowdown

0 CommentsBy

JLL’s Retail Outlook for the first quarter found major U.S. metro areas falling from the peak of the real estate cycle, with rents softening and vacancies stagnant or mounting. In key Florida markets, however, retail is faring comparatively well. While Tampa is just beginning to experience a softening of the market, fundamentals in Miami and Orlando are still improving, helped by a surge in demand created by significant in-migrations of Puerto… Read More

What You Need to Know About the Future of Grocery Shopping

0 CommentsBy

In 2017, grocery-anchored centers grew by 5.4 percent –– a vote of confidence among investors that grocery stores will not be disappearing anytime soon. Florida was one of the top five states in the U.S. for growth in the sector, posting a 6.0 percent increase over 2016 in new grocery space. In sharp contrast, grocery openings nationwide plunged 28.8 percent last year as many brands reevaluated corporate strategies.

The endurance of food markets… Read More

Why It’s a Great Time to be a Retailer in South Florida

0 CommentsBy

Consumer confidence is at an all-time high both in Florida and across the United States. This, coupled with a low unemployment rate—the lowest since 2008, makes for an opportune time to be a retailer in South Florida. New to the JLL team, Zach Winkler brings his expertise of South Florida retail leasing to the JLL team and our blog.

Nationally, major markets are peaking quickly, with declines in rent appearing in the… Read More

Jacksonville’s Retail Rebound

0 CommentsBy

Of all of Florida’s major cities, Jacksonville has struggled the most to recover from the economic recession of the mid-2000s. But now a surge in new development, rise in population and consecutive quarters of growth have led to an occupancy rate of 92.1%, which has breathed new life into Jacksonville’s retail market. This shift in dynamics means that Jacksonville is enthusiastically bouncing back to pre-recession levels.

5 Trends Changing Florida’s Retail Market

2 CommentsBy

Just days after the International Council of Shopping Centers held its annual Florida conference in Orlando, we caught up with JLL’s retail brokerage team to share some of the latest trends the Florida market is experiencing. JLL’s 2016 Florida Retail Report takes a deeper dive at the factors fueling these trends and what’s ahead for the retail real estate market in the region.

We highlight 5 trends below:

Value shopping is for everyone.

Low-income… Read More

Clicks to Bricks: Why Online Retailers are Opening Brick and Mortar Stores

3 CommentsBy

Remember when merchants everywhere were racing to have an online presence?  Fast-forward a few years to an e-commerce market that has become so saturated that is it exceedingly difficult for new products to stand out. The solution: a return to the traditional brick and mortar.

More than 20 US e-commerce companies are estimated to have launched a physical presence in the past year. The ability to provide a hands-on shopping experience, personally connect with customers, and offer buyers the instant gratification of walking out of… Read More

5 Trends to Watch in 2015 in Florida by Doug Irmscher, Market Director

0 CommentsBy
 JLL Florida Market Director, Doug Irmscher

JLL Florida Market Director, Doug Irmscher

#1 Tourism growth: Florida continues to deliver strong tourism numbers, from the Disney theme parks in Orlando to the beaches of Miami Beach, driving strong activity for the hospitality and retail sectors. This translates to demand from hotel and… Read More