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|
|Planner II/III - Position #'s 11655 and 14348Maryland-National Capital Park & Planning Commmission||Upper Marlboro, MD||Sep 30, 2022|
|Lending AnalystCastellan Real Estate Partners||NEW YORK, NY||Sep 30, 2022|
|Vice President of Real EstateClear Channel Outdoor||Albuquerque, NM||Sep 30, 2022|
|VP, Commercial Real Estate ValuationNortheast Bank||Boston, MA||Sep 30, 2022|
|Senior Associate - Asset ManagementAsana Partners||Charlotte, NC||Sep 29, 2022|
|Senior Development/Construction ManagerConcord Wilshire Companies||Los Angeles, CA||Sep 28, 2022|
|Asset Manager or Vice President of Asset ManagementArgosy Real Estate Partners||Wayne, PA||Sep 28, 2022|
|Real Estate Investment Management AnalystIDS Real Estate Group||Los Angeles, CA||Sep 27, 2022|
|Property ManagerFH One||Sausalito, CA||Sep 27, 2022|
|AssociateFident Capital||Del Mar, CA||Sep 27, 2022|
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.