Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). A study by commercial realtor CBRE and returns specialists Optoro indicated that online sales in November and...
The holiday season brings in a staggering number of returns for eCommerce sales: According to estimates from CBRE, online returns could reach $37 billion amid the gift-giving season. Some of those unwanted items, however, don’t end up being resold by retailers themselves. They fall into...
It’s a good time in America to have a retail space ready to rent out — eCommerce merchants are on the hunt and signing large contracts. According to a new report from CBRE Group, 56 of the largest 100 warehouse leases in the first half...
As anchor stores scale back their brick-and-mortar presence in malls, is their departure necessarily a big loss for shopping centers? Class A malls might, in fact, benefit by finding new uses for the space these stores leave behind. Many of the deals mall owners made...
August 03, 2020
The most high-end shopping areas in the United States are seeing tenants depart, and rents are dropping at a time when COVID-19 has halted tourism for the time being, left millions without jobs, and has had shoppers stuck in their residences, CNBC reported. Average asking rents in 16 significant retail areas in Manhattan fell for […]
December 20, 2019
Bigger sales mean more returns as retailers ready themselves for a flood of unwanted merchandise that is anticipated to top $40 billion, CNBC reported on Friday (Dec. 20). A study...
April 04, 2018
Retail continues to migrate toward eCommerce, but warehouse space is not designed to keep up with the increasing pace of online orders. The average age of a warehouse in the...
January 04, 2018
Buying land on which to build a warehouse is becoming an increasingly pricey proposition. As two-day shipping becomes heavily favored among consumers, eCommerce firms are under mounting pressure to locate...
