Megatrends In Retail Real Estate (research Issues In Real Estate)

Retail real estate properties and their marketplaces are in a constant state of change. The emergence of such new and growing value formats as warehouse clubs, factory outlet malls, and other powerful discount formats provide traditional shopping centers and malls with increasingly competitive challenges. These value and discount retail formats generate higher sales per square foot and have lower construction costs than many traditional retail properties. Combined with the slow growth in retail sales and the increasing alternatives to in-store retailing, a question mark hangs over the future of retail marketplaces and the retail formats that will be the leaders of the future. __Megatrends in Retail Real Estate__ allows the reader to analyze and forecast changes in the retail marketplace. The book presents a simple model to analyze and predict mall and shopping center investment returns. It then examines the financing of retail properties and securitization of their mortgages, as well as the operations of retail properties. Finally, the book analyzes new retail marketplaces and the international retail arena. Front Matter....Pages i-xiv Evolving Retail Properties and Dynamic Retail Markets....Pages 1-9 Front Matter....Pages 11-11 Retail Site Selection Using GIS....Pages 13-26 Forecasting Shopping Center Supply....Pages 27-42 Changing Demographics and their Implications for Retailing....Pages 43-64 Changing Economic Perspectives on the Theory of Retail Location....Pages 65-80 Estimating Retail Sales Using the Poisson Gravity Model....Pages 81-99 The Shape of Things to Come....Pages 101-137 Front Matter....Pages 139-139 Past and Future Sources of Retail Real Estate Returns: Malls versus Centers....Pages 141-169 Front Matter....Pages 171-171 Securitization of Retail and Shopping Center Properties’ Mortgages....Pages 173-199 Retail Mortgage Securitization....Pages 201-212 Front Matter....Pages 213-213 Shopping Center Tenant Selection and Mix....Pages 215-238 Controlling Leasing Conflicts between Retail Owner/Managers and Tenants....Pages 239-259 Suffering the Loss of an Anchor Tenant....Pages 261-276 Planning Issues in Retail Development....Pages 277-291 Front Matter....Pages 293-293 Development of Inner-City Retail Niche Markets....Pages 295-313 Front Matter....Pages 315-315 Size, Sales, and Rents: Comparing Shopping Centers in Canada and the United States ....Pages 317-334 The Rental Assessment of Retail Property in the United Kingdom....Pages 335-363 Back Matter....Pages 365-378 Retail real estate properties and their marketplaces are in a constant state of change. The emergence of new and growing value formats like warehouse clubs, factory outlet malls, and other powerful discount formats provide traditional shopping centers and malls with increasingly competitive challenges. These value and discount retail formats generate higher sales per square foot and have lower construction costs than many traditional retail properties. Combined with the slow growth in retail sales and the increasing alternatives to in-store retailing, the question arises as to the future of retail marketplaces and which retail formats will be the leaders of the future. Megatrends in Retail Real Estate allows one to analyze and forecast changes in the retail marketplace. The book represents a simple model to analyze and predict mall and shopping center investment returns. It then examines the financing of retail properties and securitization of their mortgages, as well as the operations of retail properties. Finally, the book analyzes new retail marketplaces and the international retail arena.