Implementing technology to be ahead of the pack
It is well known that COVID-19 deeply changed every aspect of our personal and professional lives, in all fields and spheres. And the impact it had on the real estate industry forced workers to adapt to a new reality. Shopping malls were closed and sat empty for months. Merchants were forced to develop new strategies […]
Real Estate and Digital Transformation: A One-way Path
Miren Tellería, Strategy Responsible at PwC Real Estate, shares her point of view regarding the challenges that the real estate industry will have to overcome from now on, the role of digital transformation in this process and the different types of assets in the sector. In addition, she discusses her expectations for the future of […]
Happy New Year of Opportunities for the Retail Industry
With every new year, comes a new opportunity to adapt to the needs of the dynamic and constantly evolving retail sector. It is well known that, as of the beginning of the pandemic, the importance of adapting to the customers’ needs has been growing permanently. The whole World has undergone numerous changes and so did […]
Advertising: The Ace up your Sleeve
It is well known that shopping centres have undergone major transformations in recent years, as they had to adapt to the new demands and lifestyles of their visitors. One fundamental aspect in this process is advertising: the tool to communicate new approaches and being in contact with customers. In this sense, marketing professionals have been […]
From a wide variety of points of view
In the new volume, this month Hi Retail presents the retail revolution. As a summary of all the advice and ideas that we have been sharing on this topic, we will take a journey through the different opinions that are presented in this publication. The retail industry is facing a two-sided situation, where e-commerce is […]
The PropTech Market: On the top of the Real Estate world
After the last years of collective experience with COVID-19, the Real Estate industry is increasingly incorporating technology in its processes. Because of the lockdown, the real estate leaders had to rethink how physical assets are built and operated, while the construction sector has been trying to improve safety trends. Now that the bridge between real […]
Is it possible to make property predictions in this era?
The future is always unwritten and the pandemic has brought a deep sense of uncertainty. Now more than ever, planning and forecasting seem almost impossible, but it is always safer to consider all variables and think ahead. Evidently, there are few players who have as much information and expertise as Jones Lang LaSalle Inc. Therefore, […]
What will the future hold for the European commercial retail landscape?
Lately, many news-channels and media have echoed the idea that brick and mortar shopping is being defeated by its digital counterpart. For instance, Amazon accounts for £4 in every £100 spent in the UK and as a result of the pandemic; and experts forecast over a 30% market share for online shopping. Yet, retail remains […]
A new era for shopping centres
Ever since the pandemic hit our regular lives and routines, all commerce had to adapt abruptly. Now, it is safe to say that Covid-19 has accelerated a major shift to e-commerce and online sales are outpacing sales in physical stores. Figures do not lie: if we compare 2020 Cyber Monday sales to the ones in […]
Short-term leases, the new normal to fill current vacancies
Every year, over a billion square feet of retail space meet the expiration date of the contract and need to find a retailer willing to occupy it. For instance, the US will have 1.5 billion square feet of retail space becoming available this year. Normally, most retailers would sign a new contract and shoppers would […]
Operations: the key to enhancing business resilience
The pandemic has made cost management and the redefinition of value proposition of CRE attributes a top priority for operations. As the demand for leased space is much lower, CRE companies are facing increasing pressure to control costs. Globally, 40% of respondents expect rent growth to decline in the next 12 months, while 59% expect vacancy […]
Commercial real estate outlook for 2021
The impact of COVID-19 on the global economy and the CRE industry makes 2020 the most particularly year in recent history. CRE companies need to operate digitally, close physical stores due to extensive lockdowns and prepare to reopen, while ensuring the health and safety of employees and occupants, and considering the financial status of tenants […]