Why is it critical to track sales per square foot? Measure and compare store performance Inform merchandising decisions Analyze staff performance Identify trends over time Basically, sales per square foot helps you understand if you have theright product at the right place at the right price. Sales...
Unlike malls, shopping centers often add the cost of security, parking, and building maintenance onto your retail lease. Parking can be hit and miss. On a busy day, parking spaces can fill up fast; some shopping center managers require each store to reserve its own customer parking spaces. ...
Unoccupiedoffice buildingsin majorUS citiesare sending their downtowns into aso-called “urban doom loop.”With the widespread adoption of hybrid work, the influx of office-goers to central business districts has drastically dwindled. As a result, retail and restaurant businesses in these areas ar...
Future Proofing Your Building: Where HVAC and Sustainability Come Together Listen to Architectural Record’s DESIGN:ED Podcast Events January 28, 2025 Expanded Metal and Perforated Mesh Interior and Exterior Applications Credits: 1 AIA LU/HSW; 1 AIBD P-CE; 0.1 ICC CEU;0.1 IACET CEU ...
Retail square footage per capita Local foot traffic Household income Household expenditures on retail purchases Interest in luxury brands as illustrated by online searches Population density Drum roll, please? Storage Cafe Miami Largest number of retail stores per 1K residents ...
600,000-square-foot retail plan Ohio developer submits fairgrounds proposalBy Jim Newton
DeGraaf Interiors recently opened a new flagship location in Ada, Michigan, transforming a vacant building into a state-of-the-art design center. The 7,500-sq.-ft. showroom features over 40 installed flooring products, dedicated designer spaces, and luxury amenities, reflecting the company's com...
Malkin says these retail destinations have among the highest sales per square foot of shopping centers in the world. Value Retail’s shopping centers, which the company calls “villages,” are collectively known as the Bicester Collection. The collection is named after Bicester, a town outside ...
Building Retail Community Most retail brands feel that brand loyalty and a sense of community go hand in hand. Among the retailers we surveyed, 37.8% say community events like pop-up shops or concerts are pillars of their brand loyalty strategy. Of that nearly 40%, 51.4% say strengthening br...
the average £ per square foot, per annum value achieved in Q4 2020 indicates we may be about to see the bottom of the market. With lockdown restrictions potentially being eased in April, we would anticipate a return to rental inflation towards the end of May. The combining factors of st...