Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
CHICAGO, May 21, 2012 /PRNewswire via COMTEX/ -- The U.S. retail real estate sector witnessed a moderate recovery in the first quarter of 2012 led by retail investment sales, as trades of significant retail properties increased nearly 90 percent over Q1 2011, according to Jones Lang LaSalle's Spring Retail Forecast.
"Improving economic fundamentals continue to drive a modest recovery. However, significant risks remain, with the most critical being the European crisis and uncertainty about fiscal policy," said Greg Maloney, President and CEO of Retail at Jones Lang LaSalle. "While retailers are faring better than we've seen in the past two years, we witnessed a greater number of underperforming store closings this year. In addition, there continues to be a gradual absorption of available space, but rental rates have still not bottomed out nor are they expected to do so for several quarters."
Retail Capital Markets Highlights "Retail real estate sales recorded a fantastic quarter with significant retail property sales totaling $12.5 billion, which represented an 87 percent increase over Q1 2011," said Margaret Caldwell, Managing Director of Capital Markets at Jones Lang LaSalle. "Interestingly, portfolio transactions accounted for more than half of the first quarter's volume, totaling $6.6 billion."
Additional retail real estate investment highlights include:
Average cap rates fell to 7.3 percent, with regional malls experiencing the sharpest decline.
Strip center cap rates rose slightly in Q1 2012, largely as a result of higher-yield buildings in secondary markets changing hands.
Cap rates fell significantly across most major metro areas, secondary and tertiary markets. Secondary markets in particular have seen a revival in transaction volume jumping 27 percent in the last six months. Major metros, on the other hand, only experienced a 16 percent jump in transaction volume while tertiary markets declined by 4 percent.
Distressed properties continue to be a major factor with new inflows totaling $1.9 billion in Q1 2012. Workout activity totaled $2.6 billion, resulting in a $700 million decrease in distress balances. Outstanding distress now stands at $28.3 billion.
The West region led retail property sales for Q1 2012 with $4.14 billion in transactions, followed by the Southeast with $2.4 billion, the Midwest at $1.83 billion, the Southwest with $1.62 billion, the Mid-Atlantic at $1.26 billion, and the Northeast with $1.25 billion.
Retail Leasing Highlights
Vacancy fell 20 basis points year over year, closing Q1 2012 at 6.9 percent. Net absorption was moderate compared to the previous quarter, totaling just over 12.3 million square feet, but consistent with the trend over the past year. Deliveries were relatively lower as well, coming in at 7.2 million square feet. Vacancy rates are approximately 50 basis points below their peak but still 60 basis points higher than their 10-year average, so it is still a tenant's market and should continue to be through 2013.
Additional retail leasing highlights include the following:
Retail properties serving national tenants (i.e., malls, power centers and outlet centers) are seeing the greatest compression in vacancy rates, as these tenants continue to expand their portfolios.
Centers serving "mom-and-pop" stores - such as community centers, neighborhood centers and strip centers - have yet to recover in earnest.
Rents are beginning to stabilize. While aggregate rents continue to fall, the rate of decline has flattened in recent quarters.
Power center rents in major markets fell the most over the year, declining some 5.5 percent.
Though demand levels had been flat initially after the 2011 holiday sales season, many retailers have been modestly increasing their expansion plans.
Retail Trends Affecting Real Estate
"Performance is critical as both retailers and landlords need to maximize ROI for the remainder of the year," said Lew Kornberg, Managing Director of Retail Tenant Solutions at Jones Lang LaSalle. "However, employment levels will remain the leading indicator of what we can expect to see next year in terms of growth in the retail sector."
Trends affecting retail leasing, marketing and performance include the following highlights:
Urban retail and outlet centers should take center stage as more consumers move back into cities and focus on value and off-price purchases.
Store-within-store build-outs should increase as big box retailers seek to more efficiently use excess space and diversify their merchandise to attract more consumers.
Grocery-anchored strip centers continue to perform relatively well compared to other retail property subtypes.
The grocery landscape will also shift as many mid-sized regional chains will close locations while high-end and niche grocers will expand. However, the trend will be toward smaller, less traditional space so the total footprint should contract.
Creative use of big box space may be another major trend as retailers vacate underperforming locations in response to increased competition from online retailers.
Some physical stores are already unintentionally functioning as living catalogs for online merchandise. The evolving trend of "showrooming" will affect how goods are showcased, priced and sold in stores.
The addition of retail health clinics within existing stores continues to gain traction.
Jones Lang LaSalle Retail successfully manages the largest third-party retail portfolio in the country. Our portfolio is comprised of unique clients and a broad range of retail properties including regional shopping centers, lifestyle centers, strip malls, power centers, transportation facilities and universities along with redevelopment and mixed-use projects. Jones Lang LaSalle offers a full array of retail services to our clients including property management, financial reporting, leasing, tenant coordination, specialty leasing, marketing, research, development and receivership. For more information on Jones Lang LaSalle Retail, visit www.jllretail.com .
About Jones Lang LaSalle
Jones Lang LaSalle /quotes/zigman/162927/quotes/nls/jllJLL+1.70%is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with $47.2 billion of assets under management. For further information, please visit www.joneslanglasalle.com .
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.