Colliers released its U.S. Retail Market Statistics report for the first quarter of this year, and it is refreshing to see that retail leases appear to be back in full bloom on a grand scale in the country. The national retail vacancy rate dropped 10 basis points during the first quarter and stands at 4.5%. More
Comfort foods, especially pizza, have always performed well during periods of economic downturns or unrest, as customers gravitate to feel-good taste sensations when they are experiencing any sense of uncertainty. The pizza category also performed well during the era of COVID-19 closures, as pizza establishments already had an efficient mobile delivery/to-go ordering process in place. More
Family Dollar signed a gross lease for an inline space in what will be a totally renovated strip mall that is part of a larger redevelopment of the Village Plaza in Warren. Expected to open by late 2022, Family Dollar will be in a parcel with six other tenants, including Hall of Fame Billiards, a More
Perhaps one of the ultimate comfort foods out there is Italian pasta and pizza. The carbohydrates-heavy menu items provide a satisfyingly pleasant feast for the taste buds, incorporating tasty marinara sauces, warm soothing bread and perhaps a glass of Chianti. Italian restaurants manage to conjure up a sense of delight, often invoking the best stereotypes More
The large department store of yore is a dying breed. Shopping mall sites once reserved for big-box department store brands, which range from 80,000 to 250,000 s.f., are now repurposing those spaces for either entertainment-based concepts or restaurant/food hall tenants. So what will become of the large department store mall brands? They are still around, More
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TacombiPreferred Sq. Footage: 2,000-3,000 s.f.12-Month Anticipated Openings: 10-15 The New York-based taco chain plans up to 15 new units per year until 2027. Expansion is fueled by a capital investment the company received late last year, primarily led by Enlightened Hospitality Investments, overseen by the founder of Shake Shack. Look for units to come to More
Urban cities have been feeling the effects of the mass migration to the suburbs since the dawn of the pandemic, but lately there are rumblings of retail redevelopment efforts underway to recapture these lost patrons, especially by repurposing older, unused buildings. One example of this is The Mosaic at Eastern Market, a retail refurbishment effort More
With workers expected to head back into the physical office, and with the continued necessity of dual incomes for most millennial-aged family households, there is an increasing need in the country for day care providers. National child care center brands are consequently revving up expansion plans, especially targeting mid- to higher end suburban metros that More
