Colliers

Rightsizing. That's the word for the coming year as brick-and-mortar retailers (at least those with a forward-looking platform) react to the multiple forces impacting their business. And that's the word from the retail executives of Colliers International in this exclusive video interview.

While there has been a fairly dramatic decrease in sales volume this year due to a disconnect between buyers and sellers, there are pockets of strength and the outlook is positive for 2018, Colliers' Joe Harbert tells GlobeSt.com.

The developer is planning a class-A, 172,000-square-foot office and retail building on the block at Kettner Blvd. and Hawthorn St. in Little Italy—the first new office building developed in this neighborhood in over 20 years.

Tenant improvement allowances and free rent are up nationwide and growing at a more rapid pace, and there's been a real slowdown in velocity despite ample capital in the market, Colliers' Scott Latham and Andrew Nelson tell GlobeSt.com.

Whether it's within the same market or a move to a different market, shifting corporate headquarters requires an analysis of cost, talent and recruitment and technology, among other issues, Colliers executives tell GlobeSt.com.

Retail real estate developers will have to adapt quickly in order to stay in the game by choosing tenants who are online resilient, adding stores within stores and using service-based concepts with no inventory, say panelists at a recent BMC event.

In an era of growing data transparency, Colliers International's Global Occupier Guide, which provides real-time market data and insights, empowers tenants to make quicker business decisions that will have immediate impacts on their business, executives tell GlobeSt.com.

And it's not all about e-commerce, either.