PICOR Connect | Trends in Commercial Real Estate

The Importance of Bricks’n Mortar in the Digital Age: TREND Report

Posted on Fri, Mar 09, 2018

As each day goes by, it seems we are increasingly leaning on technology and digital media to connect, to communicate, and to learn about the world around us. On a daily basis, we are learning new ways to employ this exciting new technology to fulfill our needs and save time and money. One of our most fundamental needs, consumerism, is a large part of this digital revolution.

There are few things that we cannot procure digitally. We book hotel rooms and flights, pet sitting services, rental cars and equipment, and, to an ever-increasing degree, consumer goods. According to the US Census Bureau, total e-commerce sales for 2017 were estimated at $453.5 billion which is an increase of 16% from 2016 and e-commerce now accounts for 8.9% of total sales of retail goods in the United States.

This increase in digital consumerism has fueled debate as to what the future of physical “bricks ’n mortar” stores looks like. Many believe this move to digital procurement will continue unchecked and that our current retail building model will become irrelevant. Increasingly, however, retailers are beginning to understand the absolutely critical interplay between digital and physical presence. Omni-channel marketing and delivery are actually inextricably connected, and both the digital and physical retail markets are reliant upon one another.

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Topics: Economy, Technology, E-Commerce, Market trends, Retail

#CRE Coffee Break: Q&A with Retail Prophet, Doug Stephens

Posted on Tue, Apr 28, 2015

Ever wish you had a crystal ball to inform your next commercial real estate move? In our latest edition of #CRE Coffee Breaks, we do the next best thing, inviting insights from an internationally respected retail industry futurist, Doug Stephens. Doug paints a future that shakes up traditional thinking, with regard to shopping centers vs. e-commerce, innovation and consumer expectations, among others. Read on... 

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Topics: E-Commerce, Commercial real estate, Investment property, Market trends, Retail

Retail real estate in the digital age: A conversation with Michael Lagazo

Posted on Thu, Jun 06, 2013

If you're active in the commercial real estate social media sphere, you'll recognize Michael Lagazo as @Michael_MBA. If you're not active, take this opportunity to hear insights beyond 140 character tweets from a bright mind in the space, one with depth in the retail and mixed use environments from Southern California throughout the Southwest.

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Topics: E-Commerce, Commercial real estate, Investment property, Market trends, Property management, Retail

Redefining Relevance for Brick and Mortar Retail Stores

Posted on Wed, Jul 11, 2012

Evolving consumer expectations, ubiquitous connectivity, and the growing adoption of mobile technologies are rapidly transforming the retail environment. The retail store once held the position as the primary and most tangible means for a customer to encounter a brand and remains the principal channel for the merchant and shoppers to connect. Stores have since become only one component of a broader, more interconnected shopping experience. Retailers need a strategy beyond becoming a destination in order to attract the loyalty and a larger share of the consumer wallet. 

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Topics: Technology, E-Commerce, Commercial real estate, Investment property, Leasing, Retail