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2010 Recap Market turned the corner earlier than expected Flight to quality left space in short supply in the most des

RETAIL. 2010 Recap Market turned the corner earlier than expected Flight to quality left space in short supply in the most desirable locations Significant increase in downtown street-level openings.

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2010 Recap Market turned the corner earlier than expected Flight to quality left space in short supply in the most des

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  1. RETAIL • 2010 Recap • Market turned the corner earlier than expected • Flight to quality left space in short supply inthe most desirable locations • Significant increase in downtown street-level openings

  2. RetailRobin HilliardWeingarten Realty2011 Triangle NC-CCIM Commercial Real Estate Market ForecastNetworking. Education. Technology.

  3. “I think we’re in good enough shape to start making the same mistakes again.”

  4. Retail Trends 4Q10 25% 4Q10 10% At Your Service Beauty First 41 Deals 16 Deals The  basic needs category such as Dry Cleaning, Tutoring, Tax Preparation, Insurance and Financial Services showed a big jump in the third quarter.  These types of services find that supermarket anchored centers are most advantageous for convenient errands. The beauty and small pleasures category continues to explode in importance. We saw activity in during 2010 more than double with a focus on Fitness Studios and Hair Salons.

  5. Retail Trends 4Q10 17% 4Q10 4% Fast Bites Family Dining 28 Deals 6 Deals Our leasing team signed 91 deals in 2010 with quick serve and low priced eateries.  Strong trends include yogurt, pizza and burgers.  We are seeing repetitive business with cupcake concepts, Edible Arrangements, Freebirds, Chipotle, Subway and Dunkin Donuts. Year-to-Date we have signed 55 deals with value oriented full service and buffet style restaurants that satisfy the budget conscience lunch, dinner and “family night out” experience.  Mexican and Italian restaurants and Chinese Buffets were competitive trends here.

  6. Retail Trends 4Q10 14% 4Q10 4% Frugal Fashion Stay Connected 22 Deals 6 Deals We saw a 50% increase in transactions during 2010, indicating more interest in discretionary spending from the female and family shopper. These “stay connected” retailers continue to provide the latest in electronic communication to our shoppers.

  7. Retail Trends 4Q10 9% 4Q10 6% Healthy Living Home Comfort 14 Deals 6 Deals Supermarkets, stores and services that offer wellness for the mind, body and soul continue to be attracted to our product type due to the ease of access and convenient parking.

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