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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 / Updated
Marketing CoordinatorFaris Lee Investments Irvine, CA Apr 23, 2018
Intern - Investment Sales AssociateConfidential Irvine, CA Apr 23, 2018
ControllerLincoln Property Company Atlanta, GA Apr 23, 2018
Director of AccountingLincoln Property Company Atlanta, GA Apr 23, 2018
Commercial Real Estate Broker (Santa Monica)Sands Investment Group Santa Monica, CA Apr 23, 2018
Commercial Real Estate Broker (Atlanta)Sands Investment Group Marietta, GA Apr 23, 2018
Commercial Real Estate Broker (Austin)Sands Investment Group Austin, TX Apr 23, 2018
Commercial Real Estate Broker (Charleston)Sands Investment Group Mt Pleasant, SC Apr 23, 2018
AccountantHeidenberg Properties Closter, NJ Apr 21, 2018
Vice President, Retail Asset ManagementAmerican Realty Advisors Chicago, IL Apr 20, 2018



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.

 
Retail

Skills Required

  • Ground-level retail
  • Convenience centers
  • Neighborhood centers
  • Power centers
  • Regional malls

Professional Reading and Resources


  • "Retail Traffic" (www.retailtrafficmag.com)
  • "Retailing Today" (www.retailingtoday.com)
  • "Shopping Centers Today" (www.icsc.org)
  • "Dollars and Cents of Shopping Centers" (ULI)
  • "Chain Store Age" (www.chainstoreage.com)

Top Companies


  • Simon Property Group
  • Macerich
  • Developers Diversified Realty
  • Kimco Realty Corp.
  • Centro Properties Group