Strategic Retail Group is pleased to announce the addition of Kristina Remon

 

Strategic Retail Group is pleased to announce the addition of Kristina Remon, Associate to our retail brokerage team. Continue reading

10 Reasons You Should Use a Tenant Representative

One of the most misunderstood aspects of commercial leasing is the use of brokers and representation. It’s important for occupiers of space to understand representation, how brokers can assist in the process, and the costs associated with using a broker. As the market quickly shifts to a landlord favorable market, tenants need a good representative now more than ever. Continue reading

Millennial’s Transition to Buying Homes- What does this mean for Phoenix retail?

A recent Bloomberg Business article came out stating that increased rents for apartments are driving Millennial’s to make their first purchase on a home. Continue reading

Southern Plaza Sells for $11.9 M

Jason Fessinger and Matt Milinovich of Strategic Retail Group represented a 1031 Buyer from Beverly Hills, California in the $11,900,000.00 sale of Southern Plaza. Continue reading

Strategic Retail Group is pleased to announce the addition of Erin Schrauth

Erin Schrauth - Senior AssociateStrategic Retail Group is pleased to announce the addition of Erin Schrauth, Senior Associate to our team. Continue reading

The 4 Biggest Misconceptions About Millennials

Every time I sit down at new economic forecast, read up on industry news, or check my twitter feed there is someone talking about Millennials. And rightfully so. Continue reading

How to Get Your Mail Opened and Read First…

How To Get Prospects to Read Your Mail

As real estate salespeople, we are constantly sending letters, brochures, post cards, etc. to our prospective tenants and future clients.

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7 Questions to Ask If You Are Selling Your Commercial Building

street sign

IS IT TIME TO SELL MY COMMERCIAL BUILDING?

Here are 7 KEY Questions:

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My First ICSC ReCon Convention

ICSC-CentralSince the beginning of my time in this industry I was told about the great ICSC convention in Las Vegas, Nevada. Stories from around the office filled my expectations and created an extravagant image in my head of Wall Street like meetings and negotiations with the best real estate minds all over the world.

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Why Brokers are Needed Now More Than Ever…

There is a term that has been born over the past seven years, “The New Normal.” What does this mean when we say it? How has it changed the landscape of negotiating and more importantly, how does it fit in to how we actually complete transactions today?

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Disappearing Retail Incentives

An improving retail market means the big tenant incentives of the last few years are vanishing…

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Bank Lending Will Continue to Grow Arizona Performing Impressively

Economic growth and American businesses’ demand for expansion will lead to business lending growth “at a near double digit annual rate” over the next couple of years, Continue reading

Will We Start to See Retail Development Again? Part Deux

A Rise in Noteworthy New Retail Development in Arizona? Sprouts & Fry’s Marketplace Anchored Centers coming soon in the Valley. 

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Central Phoenix Restaurant Report

Central Phoenix is on fire with great local restaurants…

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The Quick Service Pizza Craze

The latest concepts to hit the valley are from the quick fire pizza craze that is sweeping the nation.  Continue reading

Phoenix Retail Commercial Real Estate Review and 2014 Forecast

“Like dreams, statistics are a form of wish fulfillment” – Jean Baudrillard

For most of us in the retail commercial real estate business in Phoenix, AZ the last 5 years were more of a nightmare than a dream. However 2013 was a very busy year and all signs are pointing toward a healthier and more vibrant retail market in 2014. Continue reading

Highlights?? My first year in #CRE…

November 20th, 2013

When I woke up this morning I knew something was different about today. I arrived at the Scottsdale Quarter around 8:00 am, stopped in at Press Coffee for my morning java and I was ready for another day at the office. Lo and behold, today marks my one year anniversary at Strategic Retail Group. Continue reading

The great recession was a good thing for local restaurants in AZ…

How can it be that the great recession was a good thing for any business segment? 

Well it was for local restaurateurs in the Phoenix metro area… and here is why: Continue reading

Frozen Yogurt Over and E-Cigarette Stores the Next Retail Fad?

frozen yogurt stores- retail

In the 1980’s frozen yogurt stores like: Penguin’s, TCBY and I Can’t Believe it’s Yogurt exploded the fad by creating a product with more sugar than it’s original formula introduced in the 1970’s. Continue reading

Post Recession – Retail will never look the same…

retail forecast blog.001Following the Great-Recession and ever changing consumer habits, the future of retail centers will most certainly look nothing like what we saw just five years ago. Continue reading

Metro Phoenix Retail Market Continues to Gain Steam

City of Phoenix

  • Rents Bottom Out
  • Investment Sales Volume Up
  • New Construction is Minimal
  • Vacancy Expected to be 10% or less by end of the year

The Metro Phoenix retail market is continuing to improve with strong momentum continuing to build in leasing activity as well as investment sale transactions. Additionally, the trend in rental rates, which lag behind leasing and absorption activity, has also bottomed out and has turned positive. With minimal new construction in the pipeline, market fundamentals are favorable for strong continued momentum growth in leasing, absorption and rent growth.

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Medical Tenants in Retail Centers

Medical users in retail centersOver the course of the last several years, Medical Tenants became increasingly popular in retail shopping centers. With the expansion of urgent care clinics, dental offices, chiropractors, family practitioners and other ancillary medical uses, the Medical Tenant has formed a strong bond with retail shopping centers. Tenants such as The Joint, Fast Med Urgent Care, East Valley Urgent Care, Pacific Dental Services, and Aspen Dental compete for prominent retail spaces. Continue reading

Leasing Fundamentals – Qualifying

Retail Space for lease in ArizonaPart II – QUALIFYING

Are Your Tenant Prospects Fully Qualified?

10 Key Questions Will Help You Determine:

How do I know you have the right tenant for my property?

Will they be successful for the duration of the lease?

How can I expedite the process and get to the salient facts? Continue reading

Adaptive Re-Use in Phoenix, Arizona

Arizona has a history of a blade and rebuild philosophy when it comes to changing the use of a particular property… but lately we have seen several innovative projects which utilize the original building to make something more unique and less cookie cutter.  Continue reading

Phoenix Retail Market on Path to Recovery

Retail Space for lease in ArizonaThe Phoenix Retail market has turned the corner and is now finally, on the path to recovery. Although the recovery may be slow and steady, there is relief in the market that we’ve reached the light at the end of tunnel… & it has become clear that it’s not an oncoming train.

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