Commercial Real Estate (CRE) is a highly competitive industry that is equal parts stimulating, frustrating, lucrative, exhausting and entertaining. Working as a female in a male-dominated industry can include a variety of obstacles that men would not normally experience. Continue reading
Strategic Retail Group is pleased to announce the addition of Peter McQuaid, Senior Vice President to our retail brokerage team.
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
Strategic Retail Group is pleased to announce the addition of Erin Schrauth, Senior Associate to our team. Continue reading
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 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.
IS IT TIME TO SELL MY COMMERCIAL BUILDING?
Here are 7 KEY Questions:
Since 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.
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?
An improving retail market means the big tenant incentives of the last few years are vanishing…
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
A Rise in Noteworthy New Retail Development in Arizona? Sprouts & Fry’s Marketplace Anchored Centers coming soon in the Valley.
Central Phoenix is on fire with great local restaurants…
The latest concepts to hit the valley are from the quick fire pizza craze that is sweeping the nation. Continue reading
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
- 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.
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
The 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.