 |
|
CBRE Valuation & Advisory Services
|
|
|
|
|
|
Retail Checkout
|
|
August 2023
|
|
|
|
|
 |
|
Retail Rents Rise In Q2 As Availability Tightens
|
|
As more retailers move to strip centers, space is opening up at malls, according to a report from the retail real estate investment firm.
Net absorption of U.S. retail space in Q2 — vacancy at the start versus the end of the period — was 5.9 million square feet, the lowest demand since Q3 2020, according to a report from real estate investment firm CBRE.
The overall availability rate fell by 10 basis points year over year to a record-low 4.8%. The average asking rent rose 2.1%, driven by several markets in Florida as well as Raleigh, North Carolina.
|
|
|
|
|
| |
|
 |
|
Chipotle/McDonald’s Show Strong Visits 1H2023
|
|
Where are diners headed who want a quick, affordable meal? Chipotle and McDonald’s retain their reign as leaders in the fast-food sector, according to Placer.ai, which looked at numbers as the first half of 2023 ended. But diners heading to both aren’t just value seekers. They’re customers hungry for quality, some of whom may have fatter wallets but also seek new tastes and concepts offered. |
|
|
|
|
| |
|
 |
|
And The No. 1 Retail Center Experience in America Is....
|
|
Being bigger isn’t always better, but in Mall of America’s case, it is.
Size is just one of the reasons that MOA is CSA’s No. 1 Retail Center Experience for 2023.The 5.6 million-sq.-ft. mega-mall covers 129 acres in Bloomington, Minn., enough space to accommodate 11 Target Field baseball stadiums (Target Field is home of the local Minnesota Twins). The Minneapolis Metro Blue and D lines stop inside the center. That not only gives residents and visitors to the Twin Cities easy access to MOA, but also travelers burdened with long layovers at the nearby Minneapolis-St. Paul International Airport. They can hop a 10-minute ride to America’s largest mall and kill a few hours in a place that houses more than 500 stores and 60 restaurants — they can even ride the Avatar Airbender at Nickelodeon Universe to prepare for their next flight.
|
|
|
|
|
|
|
|---|
|
|
|
|
 |
|
Suburbs Flourish, Urban Availability Increases
|
|
With workers only venturing into the office a few days a week, it’s no surprise that spending is being re-directed to retail districts closer to where people live, according to a new report from CBRE.
This has resulted in an uptick in CBD retail availability in US central business districts, which now exceeds that of suburban space for the first time since 2006.
Suburban availability has fallen, according to the report, upending a well-established pre-pandemic trend whereby urban and suburban fundamentals were closely correlated, the report said.
Analysis of consumer data from Placer.ai suggests that urban and suburban malls can continue to coexist as they recover from the effect the Covid pandemic had on shopping patterns.
|
|
|
|
|
| |
|
 |
|
2023 Top 500: Largest Restaurant Chains In US
|
|
The 2023 Top 500 report, presented by Nation’s Restaurant News in partnership with Datassential, is the premier destination for restaurant leaders interested in benchmarking their success against that of their peers.
The sales and unit data in this report provide a powerful tool for industry decision makers to turn to gain and again as they position their brands for success.
This year’s Top 500 report, which covers 2022 results, offers a look at the restaurant industry’s continued efforts to stabilize after a tumultuous 2020 and 2021. While operations last year were finally back to business as usual, restaurants still faced a litany of challenges, from inflation and labor to supply chain, which indelibly affected the results you’ll see in this table.
In this handy data table, you’ll find key metrics for the Top 500 restaurant chains by annual U.S. sales.
|
|
|
|
|
| |
|
 |
|
|
In our weekly podcast, industry, economic and subject matter experts share their unique insights on what matters most today in commercial real estate. |
|
|
|
|
|
|
|---|
|
|
|
|
|
|
Unsubscribe
You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330). Please consider the environment before printing this email. CBRE respects your privacy. A copy of our Privacy Policy is available online. For California Residents, our California Privacy Notice is available here. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166. Address: 321 N. Clark Street, Suite 3400 Suite 700, Chicago IL 60654
THIS IS A MARKETING COMMUNICATION © 2026 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable but has not been verified for accuracy or completeness. CBRE, Inc. makes no guarantee, representation or warranty and accepts no responsibility or liability as to the accuracy, completeness, or reliability of the information contained herein. You should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE. Photos herein are the property of their respective owners. Use of these images without the express written consent of the owner is prohibited.
|
|
|
