Commercial Real Estate

It's a crazy time.  Some days watching the news it feels like Y2K all over again.  So how are you doing your site selection in 2020?  In this episode Justin Sterling narrates an article he penned for the Knoxville Business Journal. He lays out practical considerations about how to move forward in your search for new space in a time of uncertainty. 

Article:https://www.knoxnews.com/story/money/2020/09/16/how-retail-landscape-changing-midst-pandemic/5632193002/

www.justinsterlingcre.com

https://www.linkedin.com/in/justinsterling/

Stay tuned next week for the interview with Jack Brennan of TSCG as we discuss the #CREDIGITALARMY

@Retail Strategies, JKS Retail Development, TERN CLUB, and local Pastor document their experience this week in #CRE and the latest on how #coronaVirus is impacting their world.

VOICE COMMENTS:  https://anchor.fm/justinsterling/message   (I may use your recorded comment in a future episode!)  

ABOUT ME: https://www.linkedin.com/in/justinsterling/ NAI Koella | R.M Moore: www.koellamoore.com  

TERN CLUB: https://www.instagram.com/ternclub/?hl=en 

JKS RETAIL DEVELOPMENT: https://www.linkedin.com/in/john-k-shirley-14984116/ 

RETAIL STRATEGIES : https://www.retailstrategies.com/navigating-covid-19-for-small-businesses/  or download their PDF  

JEFFERSON CITY CHRISTIAN CHURCH:  http://jeffcitychurch.com/online-giving 

PER ICSC please reach out to your legislators and say: "We need the following changes to the Phase 3 COVID Legislation."  Small Business Paycheck Protection Loan Program •           Change the loan limits to 2.5 times operating expenses, not based on payroll. This change would conform the size of the loan to actual small businesses economic realities. •           Expand the eligibility to include NAICS code / definition. (531120 Mall property operation (i.e., not operating contained businesses) rental or leasing. For additional information please contact Betsy Laird (blaird@icsc.com) or Michael Garrison (mgarrison@icsc.com) “1 in 4 jobs in the United States are retail-related. If you want to save the U.S. economy, it’s hard to do that without leaning into the retail segment.” #ICSC President and CEO, Tom McGee on "Squawk on the Street" CNBC https://cnb.cx/2Uc42Zj #retail  #realestate

On the journey to capture new customers, and captured by the stellar execution of this local apparel company, I was eager to represent www.Felding.Co in their quest for a new lease.  Along the way I also made a new friend, and our interview documents the journey from start-up, to creating a unique customer experience.   What drives someone to start a retail store when retail is changing so fast?  What drives the need for space?   Listen in, and gain perspective about how this Tenant is going the extra mile to make their customers feel welcome. 

A short re-cap of the previous years highs and lows in retail real estate.  I cover a few of the bankruptcies, & store closings to market forces, legislation, as well as  new stores and emerging technology.  This is the 2019 tool kit to help us get the job done.