November SIG Insider: CRE News, Insights & Announcements
Sands Investment Group
SIG is a full-service commercial real estate brokerage firm specializing in investment sales and capital markets.
Whether you're a seasoned investor or just starting out, we're here to provide you with valuable information that will keep you informed and ahead of the game in the dynamic realm of commercial real estate.?You'll have the tools you need to identify emerging trends, evaluate potential risks, and uncover investment opportunities that others may overlook.?Let us be your trusted companion on your investment journey, helping you navigate the complexities of the market and unlocking the potential for success!
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CRE NEWS?THAT MATTERS
Your go-to source for the latest news and insights.
IN THE SPOTLIGHT: OUR FAVORITE CRE ARTICLES
Date Nights and Late Nights Are Back—And Maybe More Expensive! ??
People are spending more than ever on food and drinks, as restaurant and bar sales grew by 1% in September, marking the industry’s strongest monthly gain since November 2023. Part of this growth is linked to rising prices, with food costs up 4% this year and inflation playing a role. However, there are also notable trends in consumer behavior worth tracking.
Consumers are frequenting independent restaurants more than chain restaurants, pushing some major brands to the brink of bankruptcy. Local restaurants and bars, however, have happily welcomed new customers and ramped up staffing, creating over 70,000 jobs last month.
Oftentimes, real estate is tied to credit. While the big names in the restaurant space may attract attention, a local or regional restaurant with solid margins may actually be a safer bet based on today’s dining trends. Nothing stays the same forever, but knowing where you stand now is a powerful thing. (Restaurant Business, Jonathan Maze)
Restaurant Sales By Month
Sales at restaurants and bars increased by 1% month-over-month in September, marking the best one-month performance since November, according to federal retail sales data.
Health Before Wealth—or is it the Other Way Around????
The news in the world of drugstores and pharmacies has been quite negative recently, as Walgreens announced that it is closing 1,200 stores over the next three years, and CVS announced it will lay off 2,900 corporate employees. There are many issues to consider, but much of this is driven by their massive growth in footprint over the last 10 years and the ways in which the pharmacy business has evolved, which are the biggest drivers.
There was a consensus that consumers would be fiercely loyal to their pharmacy, but that theory now has some holes. Walgreens lost a public battle with Express Scripts, and millions of people were no longer able to fill their prescriptions at Walgreens or Duane Reade. What did people do? They moved to another store, sometimes to their local grocery store, which had recently added a pharmacy to increase foot traffic.
There will be real estate impacts throughout all areas as these changes unfold. There will be 10,000 square feet of vacant pharmacies that can be repurposed, and we will also see grocery stores and other related businesses identifying new spaces that align with the new prototype to increase profits. Keeping your ear to the ground will be key if you have any exposure in this space, and working with knowledgeable people to guide you through it will definitely help. (NPR, Alina Selyukh)
REAL ESTATE ROUNDUP ??
The Fast Food Value Wars Continue? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ??
Thank God It’s Finished (TGIF)
Aquafence to the Rescue?? ? ?
Goldman Sachs Suites
MARKET REPORT ???
UNCOVERING OPPORTUNITIES: The Power of Specialized Expertise in Commercial Real Estate Investments
This product expertise offers clients a significant edge by connecting opportunities with broader market trends and unique factors.
Our Investment Advisors concentrate on five key sub-types—shopping centers, automotive, convenience stores, quick-service restaurants, and early education—gaining specialized insights that enable more informed and strategic decision-making. This report delves into these sub-types and emphasizes crucial factors for identifying hidden gem opportunities.
PRODUCT TYPE MARKET REPORTS????
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