First thing’s first, revenue per square foot is the amount of sales revenue received, divided by the amount of retail space the business occupies. When measuring retail profitability and the effectiveness of an individual retail model, it’s essential to consider the revenue a store earns per square foot. Retailers looking to rent a space must […]
Retail Market
Metal Supermarkets New Location at Continental Gin Industrial Park
The world’s largest small-quantity metal supplier Metal Supermarkets is opening a new location in Birmingham at the Continental Gin Industrial Park. The company has over 80 brick-and-mortar stores throughout the United States, Canada, and the United Kingdom. Metal Supermarkets is known as “The Convenience Stores for Metals” and carries a vast variety of metals as […]
Macaroni Lofts Becoming A Reality
• Construction is expected to begin in early 2021 • Residential units pre-sales are available now. Visit https://macaroni-lofts.com/ for more information on the individual units. • 6,000 SF ground floor commercial space available Another development in the Parkside District is moving forward! The city of Birmingham Design Review Committee approved the Macaroni Lofts design Wednesday […]
New Taco Joint & International Fitness Concept Coming to Trussville
Tenants Taco Mama and Orangetheory Fitness are joining Chicken Salad Chick and Metro Diner in their newest Trussville location! Metro Diner and Chicken Salad Chick opened in March and have had great success thus far. Established Birmingham, Taco Mama’s laid back, funky taqueria is well loved throughout the state and parts of the Southeast. The […]
Alabama Businesses Embrace CBD Oil Just Months After Farm Bill Law Update
The next potential commercial real estate gold rush is decidedly green – and many local businesses here in Birmingham, particularly those in the food, beverage, and hospitality industries are striking while the iron is hot. In December 2018, Alabama passed the Farm Bill Law that updated the legal status of cannabidiol, an active cannabis ingredient […]
How The “Retail Apocalypse” Is Changing Grocery Stores
The process of how we purchase food is evolving at a rampant pace. Over the past several years, Amazon, Walmart, and other front-running influencers have brought home delivery, literally, to the market’s doorsteps. However, smaller grocery models, unable to keep up with industry giants, have been forced to “wait and see”, while large grocery enterprises continue […]
Finding Commercial Real Estate Opportunity Amidst Supercenter Disruption
In case you haven’t heard, the U.S. is in the midst of a seismic shift that’s resonating throughout the retail industry. The ever-increasing upswing in online shopping, changing consumer demographics, fluctuating buyer preferences, and an industry-wide proclivity for downsizing, has created a perfect storm that’s indiscriminately wiped up stores of every size and scope. Perhaps […]
Last Mile Delivery Stations: What Landlords Need to Know
The current market temperature has many commercial real estate investors questioning the future of consumer retail properties. The rapidly changing face of retail from local, brick and mortar storefronts to a globalized online shopping experience has delivered several significant (and sometimes lethal) blows throughout the vertical. Some of the recently impacted companies include merchandise […]
How Fitness Trends Impact Commercial Real Estate Property
Statistics show that in 2016 the U.S. had over 36,000 membership-based exercise facilities with a total of 57.25 million members, illustrating beyond a doubt that health and fitness continue to prove a robust industry across the nation. At the surface, facts like these are encouraging to commercial real estate property owners that lease their […]
Trending Now: Retailers Recycling Their Own Merchandise
The face of commercial real estate within the retail vertical continues to change at lightning pace, forcing brick and mortar storefronts to keep up or be left behind. E-commerce continues to rise in popularity and is proving, again and again, that you really can buy virtually anything online. From groceries to cars and a […]
