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Retail real estate serves as a medium for bringing products to consumers. This product type can range in size from a 3,000 square foot single tenant building to an 800,000 square foot Super Regional Center, and requires extensive leasing, property management, financial analysis, and advisory services talent. Tenant types vary greatly from a grocery store or home improvement center to small electronics stores and dry cleaners. Typically, retailers will lease space in a retail center in order to sell their products to the public; however some major national retailers will either buy their own building or develop a site themselves. The development and location of retail real estate is heavily driven by household income. It can be said that "retail follows rooftops" because retailers need to be in convenient locations for their consumers, and they want to be near the consumers that have disposable income to spend in their store.

Role / Company Location Posted
Rosewood Realty Group is offering an internshipRosewood Realty Group New York city, NY Jan 18, 2019
Senior Planner (Redevelopment)Borough of State College State College, PA Jan 18, 2019
Asset Manager- EntertainmentEPR Properties Kansas City, MO Jan 18, 2019
Executive Development AssistantNexus Development Group New York, NY Jan 18, 2019
Senior Financial AnalystColliers International Woodbridge, NJ Jan 17, 2019
Asset Management AnalystDLC Management Corporation Elmsford, NY Jan 16, 2019
Industrial/Logistics Investment ProfessionalMeyer Bergman Americas NY Jan 16, 2019
Analyst / AssociateACORE Capital Dallas, TX Jan 15, 2019
Analyst / AssociateACORE Capital Dallas, TX Jan 15, 2019
Equity Producer / Investment BankingCadence Capital Partners Denver, CO Jan 15, 2019



Looking to the future

Retail real estate is only as successful as the tenants who occupy the space. Currently, traditional retailers are being challenged by online shopping and evolving retail distribution practices, which has resulted in a contraction of retail space demand nationally. As household incomes improve retail real estate receives a boost, yet much of retail development is currently on hold awaiting clear indications as to the consumer base for brick and mortar retail. Yet as the economy begins to recover and consumer confidence increases, there will be tremendous opportunities for retail investors, developers, and owners to capitalize on the upturn. Current opportunities include redevelopment, mixed use projects, and reconceptualization of the retail experience.

 
Retail

Skills Required

  • Ground-level retail
  • Convenience centers
  • Neighborhood centers
  • Power centers
  • Regional malls

Professional Reading and Resources


  • "Retail Traffic" (www.retailtrafficmag.com)
  • "Retailing Today" (www.retailingtoday.com)
  • "Shopping Centers Today" (www.icsc.org)
  • "Dollars and Cents of Shopping Centers" (ULI)
  • "Chain Store Age" (www.chainstoreage.com)

Top Companies


  • Simon Property Group
  • Macerich
  • Developers Diversified Realty
  • Kimco Realty Corp.
  • Centro Properties Group