I believe another revolution is upon us. Cell phone location data is changing the way we chose real estate.
So, the question isn’t if retail is dead. It clearly isn’t and is going to be around for a long time. The question is what was missing that caused those 30k or so retailers to shutter instead of survive and thrive? The answer can be synthesized down to one word: INNOVATION
“This comprehensive survey proves that COVID-19 has fundamentally changed the way shoppers approach their grocery options, so much so that we now expect online sales to reach an unprecedented $250 billion by 2025,”
With the election season upon us it’s a good time to review some of the tax proposals that are being suggested. According to numerous online sources, Presidential nominee Joe Biden is proposing a number of changes to the Federal tax code that would affect commercial real estate investors.
There is a major retail corridor in Alabama dotted with every major restaurant brand and retailer in the region. There are 90,000 vehicles per day, an interstate interchange, 6 million square feet of office space, a major lifestyle center, a major hospital and the residential growth just keeps going.
There has been a lot of talk in the industry about the proposed CA Senate Bill 939 that interferes with leases between landlords and certain tenants.