We’ve been here before. In early 2020, uncertainty was the word of the day, with the brief but serious recession induced by the pandemic and social distancing measures all over the globe. Somehow, things quickly rebounded and shoppers kept spending—albeit on things like home gym equipment and casual clothing until lockdowns eased. When that happened, people were eager to dine out and travel safely again.
The 2022 holiday shopping season is well underway, and it seems that despite talk of a looming recession, shoppers are still heading to the malls and shopping centers in droves. Consumer demand seems strong for now, but as we all know, not a lot is certain in today’s economy! The retail landscape could change significantly after the peak holiday shopping season. Retail sales could slow down across many retail sectors, which could mean changes for those of you in the retail real estate business.
No matter what business you’re in, understanding both supply and demand is essential. If you’re a chain business that is expanding your store base, you’re doing so under the assumption that what you have to sell is in demand. In other words, your product or service is not only appealing to consumers, but there is room for more of it in the marketplace. But what does that mean? Is there truly untapped demand and if so, how do you measure it?
After two years, it’s going to be great to be back in person at ICSC 2022 in Las Vegas! Join us May 22-24, 2022, at the Las Vegas Convention Center, Booth 2235.
Topics: Real Estate Analytics Tool, Void Analysis, Landlord Rep Brokers & Owners Industry, Tenant Rep Brokers & Developers Industry, Retail Match, Commercial Real Estate Analysis Software, Match Score
SiteSeer knows market research, retail real estate, site selection and more, but we never purport to know more about an industry than those working in it day in, day out. That’s why when we wanted to dig deeper into the state of commercial real estate in the United States, we decided to turn to two experts in our network to get their insights.
If you’re an existing SiteSeer user, you’ve likely talked with Lance before, our director of client services. Lance knows SiteSeer software inside and out and has that, “If I can’t get you the answer, I’ll find out who can,” type of attitude that makes him the best kind of client advocate!
If you’re a SiteSeer client, chances are you’ve probably interacted with our VP of Business Development Sam Lowder before. Although Sam is the guy to talk to when you want to take a SiteSeer demo or learn how the tool can help you make more intelligent site selection decisions, he has an extensive background in research and analytics. Here’s our Q&A with Sam, including a few little-known facts!