Sales per unit area is a measurement of a store’s productivity. According to AppleInsider (quoting data from market analytics firm Asymco), the U.S. national average for sales per square foot in regional malls is $341/sf. Surely, frequent congestion and repeated … Continue reading →
Google plans to establish its new UK headquarters in London’s up-and-coming King’s Cross district. According to Reuters, the company purchased a 2.4-acre plot at the King’s Cross Central development where it will build its 1msf office building ranging in height … Continue reading →
Barnes and Noble plans to close about 20 retail stores per year for the next ten years, bringing the total number of stores down from its current 689 to less than 500, according to The Wall Street Journal (quoting Barnes … Continue reading →
Average monthly office rents in Beijing are forecast to rise by six percent (from $7.22/sf in the last quarter of 2012 to $7.68/sf by the fourth quarter of 2013) in a market close to balanced between supply and demand, according … Continue reading →
The U.S. Patent and Trademark Office (USPTO) has granted Apple’s request for trademark/trade dress protection for the design and layout of its retail stores, according to Reuters. The description of the protection (granted on January 22) includes an “oblong table … Continue reading →
Heitman Financial Ltd. has purchased Commons Park West – a 337-unit apartment complex in Denver’s Central Business District – from JPMorgan Chase for a $98.1 million ($346/sf or $291,000/unit), according to Denver Business Journal. The transaction sets the record for the … Continue reading →
Singapore has implemented a stamp duty on industrial property sales to dissuade short-term speculation, according to Bloomberg. Effective as of January 12, sellers will pay a 15 percent tax for sales of warehouses and factories occurring within the first year … Continue reading →
Euclid Analytics offers bricks and mortar retailers an innovative way to measure shopper behavior. Using Wi-Fi networks, Euclid sensors record pings emitted from Wi-Fi enabled smartphones to measure information such as the number of shoppers that walk into a store, … Continue reading →
In 2012, new office space deliveries in Budapest totaled 247,569sf – that’s a 74 percent drop from 2011 when 925,696sf of office space was delivered and a 92 percent decrease from 2009 when developers delivered approximately 3.23msf of office space … Continue reading →
In an effort to remain competitive with surrounding states, Iowa Governor Terry Branstad proposed a budget last week that cuts Iowa’s commercial property taxes, according to press-citizen.com. The proposed In this modern era, we need not actually worry about anything … Continue reading →