For more information about your commercial real estate needs, please call Jim Taube at (850) 224-2300 or email jtaube@talcor.com.
3 Trends in Transit-Oriented Developments
3 Positives in the Retail Space that Could Stick Around
Tallahassee, Florida – September 18, 2020 – For months now, retail headlines have been filled with scary stories about how the pandemic is threatening the shopping industry as we know it. Yes, it’s true that the pandemic is putting retail through the wringer, but it’s also initiating some long-pending changes. NAI TALCOR professionals are on the ground every day talking to local retailers to really look into what is changing for them.
While this period is hard for everyone, that doesn’t mean that everything coming into play as a result of this historic era will be negative.
The fact is, more change has emerged during 2020’s first two quarters than we’ve seen in a very long time. Of course, it’s due to unfortunate and stressful circumstances, but we can’t ignore all the positive growth that’s happening right now... especially in retail. Tallahassee and other local areas will have to make some changes to keep up, especially in the soft retail side of the industry.
Here’s how the pandemic is set to positively impact the retail sector all over the nation moving forward:
RESTRUCTURING INVENTORY
As shoppers abandoned stores and purchased their goods online, it has forced retailers to reconsider how they’re using their physical space. “One important question to ask is, ‘Why do we need so much merchandise in a store?’” Sephora’s former CEO, Howard Meitiner, said to Chain Store Age.
Instead of packing multiples of every product into one store, the pandemic has pushed retail further into omnichannel integration.
“People can buy online and pick it up in a store. Or they can go into a store and make a purchase and have it delivered at home”, Meitiner continued. “The blurring and integration of these lines shouldn’t matter to a company. You now need to serve every individual customer with an invisible linkage, not force them to buy the way they used to.”
There are so many options available for nearly instant deliveries, there’s no reason for retailers not to take advantage of today’s tech compatibility. Now that COVID forced retailers to start reconsidering in-store inventory, shopping is being modernized before our very eyes.
LEASING DONE DIFFERENTLY
Throughout the pandemic, companies have announced plans to simultaneously close store locations and open others. A changing retail landscape is on the horizon, but CRE needs to support these adjustments.
As retailers are reconsidering their physical footprints by adjusting their locations, commercial leasing is set to change.
Tenants want more freedom to experiment, but they need the freedom to adjust as needed. Experts expect to see more cooperation and negotiations between landlords and retail tenants through creative leases that enable growth and optimization in the post-COVID world.
A NEW PLAYING FIELD
All in all, it’s clear that the pandemic is pushing retail forward. It’s important to remember that most of the conditions that retail brands are facing now aren’t solely a result of the pandemic. Many of the factors have already been in the works, and the pandemic only made them more apparent.
Retailers who were stalling on making changes were the ones who faced the most challenges during the pandemic’s sudden shifts, while pivot-ready companies could adapt more easily.
Meitiner commented on this factor, stating, “Digital disruption, changing behaviors of consumers, questionable viability of historically robust business models, the emergence of new players—those were all in place before the coronavirus happened. Good things come out of crises like these. It’s moved companies to achieve in a few months something that might have otherwise taken them five years”.
The pressure is on and the heat is
cranked up high, but challenges are often what generate the very best results.
Retail is in a difficult space right now, but it’s introducing significant
benefits for the shopping industry as a whole.
ABOUT NAI TALCOR
With 70 team members including 31 licensed commercial sales advisors, NAI TALCOR is the leader in the North Florida, South Georgia and South Alabama markets. NAI TALCOR is a full service commercial real estate brokerage, property management, development and construction management firm. Providing commercial real estate services since 1990, NAI TALCOR has steadily grown by meeting client needs and partnering with others to promote mutual growth and prosperity in all aspects of commercial property ownership.
NAI TALCOR clients receive global reach with local expertise, a truly distinct advantage in commercial real estate services. Whether real estate requirements are in one market or many, we help our clients understand the market, acquire, dispose of, develop or manage their property with ease.
NAI TALCOR provides comprehensive brokerage, leasing, property management, receivership services, and facility/construction management to the North Florida, South Georgia and South Alabama commercial real estate marketplace. Our collaborative services platform is an expansive, yet nimble, responsive structure which enables efficient, full services delivery of all elements of Commercial Real Estate Services to the region. NAI TALCOR is involved with the leasing, selling, and property management throughout North Florida, South Georgia and South Alabama. Our skilled professional specialize in office, retail, multi-family, special-purpose, medical, and other properties.
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. Whether you need to buy, sell, lease, finance, or manage commercial property in your town, across the U.S. or in Asia, Europe, Latin America, and beyond, your nearby NAI Global local office is your local point of entry into a world of creative solutions in commercial real estate.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Global offices are respected local-market roles models that are passionate about the commercial real estate business. With long histories of success across market cycles, NAI Global offices have a hard-earned, unusually deep level of local market knowledge and insight beyond the commoditized data you find elsewhere. This depth of knowledge is borne from their local relationships nurtured for generations-relationships that give our local-market leading offices the edge with the know-how, who, what, where, and when to achieve exceptional results for clients.
As an organization, NAI Global actively manages this industry-leading platform of local market knowledge and leadership, providing support and services that yield seamless integration and the consistent delivery of exceptional services to clients worldwide.
To learn more, visit WWW.TALCOR.COM or www.naiglobal.com
Tallahassee, Florida – September 15, 2020 - NAI TALCOR, a member of the world’s premier managed network of commercial real estate firms, is pleased to share our SEPTEMBER 2020 property inventory report. Staffed with the most experience professionals, NAI TALCOR can assist with purchasing, selling, leasing, managing properties, or offering our expert advice.
CLICK HERE to view the SEPTEMBER 2020 Inventory Report
COMMERCIAL REAL ESTATE
Our process is different. NAI TALCOR professionals live and
breathe our market of commercial real estate. We are connected to the community
both by business and philanthropic support. Our clients know that we treat
their business like it is our own.
NAI TALCOR is a
leader in the North Florida, South Georgia, and South Alabama markets.
NAI TALCOR is a full-service commercial real estate
brokerage firm spanning 30+ years’ experience of meeting our clients’
needs and partnering with others to promote mutual growth.
PROPERTY MANAGEMENT
NAI TALCOR is
locally owned and operated. Managing over 5 million square feet
of space, we are your hands and eyes at the ground level of your
asset. With 24 hour, 7 days a week maintenance, staff,
and service, let us manage your building so you can manage your
business.
MARKETING SERVICES
4 Unique Ways Small Businesses Have Pivoted
Tallahassee, Florida – September 11, 2020 – As we continue to look at how the commercial real estate market has been impacted and will continue to change due to the Covid-19 virus, NAI TALCOR is working hard to provide you up-to-date information. Small businesses have put up quite a fight over these past few months. While the pandemic acted as a major disruptor for every industry, small and local businesses took an especially hard hit. NAI TALCOR is the leader in the North Florida, South Georgia and South Alabama markets with our professional out in the field every day, working, and meeting with business owners helping to navigate through these trying times.
The pandemic threatened all things ‘business as usual’, making it imperative for small businesses to rethink their operational strategies from top to bottom.
In the midst of these ‘new normals’ for small businesses, the industry has seen some truly ingenious survival tactics take form. Here are some of the most unique ways that we’ve seen businesses stay open during COVID:
FROM DINING ROOMS TO PANTRY SALES
As indoor dining rooms and lounges closed, many local eateries and bars quickly transitioned their business approach by selling their specialty goods in bulk.
One great example is Wisconsin’s The Ruby Tap, a self-service wine bar, that began selling their wine bottles in bulk online for local curbside pickup. Customers can fill their e-carts with bottles and stop by the shop to get all of their favorites.
Perc Coffee Roasters, a Savannah-based coffee roasting company, took a similar approach. After closing their on-site cafe, they switched up operations to provide their clients and customers with bags of their favorite fresh coffee. They’re posting every update on Instagram and sharing their gourmet cafe recipes across social media so daily visitors can get their fix from home. Shop online and brew on your own - it’s that easy.
FARMER’S MARKETS DELIVERED TO YOUR DOOR
Farmer’s markets are known for their bustling crowds - making them a prime concern during the pandemic. While some markets stayed open by adopting stringent social-distancing measures, others played it safe and went digital.
Farmer’s markets all around the country are offering at-home delivery services. By creating an interface that lists every vendor and all of their goods, shoppers can safely fill their carts online and have them dropped off to their doors.
DRIVE-UP DINING
As indoor dining spaces were shut down, restaurants all around the country made do with the new standards by adopting an omnichannel model to serve their customers.
Whether it’s small cafes, pastry shops, or five-star restaurants, ordering online and picking up curbside is the solution for staying strong during the pandemic.
In cases like this, social media plays a huge role in keeping patrons updated on all of the latest operational protocols. Menu changes, specials, and deals are all being broadcasted on IG and FB.
By combining online order systems and physical pick-ups, restaurants took a truly contemporary approach to doing business during the pandemic.
VIDEO CHAT SHOPPING
A local toy store in Connecticut has managed to offer a safe shopping experience even during these unpredictable times by using tech in a brilliant way.
Necker’s Toyland shoppers can schedule a Facetime browsing session to check out the store via live video chat as they’re assisted by a sales associate. This strategy is personalized, exclusive, and modern at it’s finest.
Small businesses are doing all they can
to stay open, and it’s pushing the boundaries in some very unexpected ways.
What’s next to come out of COVID-inspired small business strategies?
ABOUT NAI TALCOR
With 70 team members including 31 licensed commercial sales advisors, NAI TALCOR is the leader in the North Florida, South Georgia and South Alabama markets. NAI TALCOR is a full service commercial real estate brokerage, property management, development and construction management firm. Providing commercial real estate services since 1990, NAI TALCOR has steadily grown by meeting client needs and partnering with others to promote mutual growth and prosperity in all aspects of commercial property ownership.
NAI TALCOR clients receive global reach with local expertise, a truly distinct advantage in commercial real estate services. Whether real estate requirements are in one market or many, we help our clients understand the market, acquire, dispose of, develop or manage their property with ease.
NAI TALCOR provides comprehensive brokerage, leasing, property management, receivership services, and facility/construction management to the North Florida, South Georgia and South Alabama commercial real estate marketplace. Our collaborative services platform is an expansive, yet nimble, responsive structure which enables efficient, full services delivery of all elements of Commercial Real Estate Services to the region. NAI TALCOR is involved with the leasing, selling, and property management throughout North Florida, South Georgia and South Alabama. Our skilled professional specialize in office, retail, multi-family, special-purpose, medical, and other properties.
ABOUT NAI GLOBAL
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America and the Caribbean, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world. Whether you need to buy, sell, lease, finance, or manage commercial property in your town, across the U.S. or in Asia, Europe, Latin America, and beyond, your nearby NAI Global local office is your local point of entry into a world of creative solutions in commercial real estate.
Exceptional global commercial real estate solutions begin with local market leadership and expertise. NAI Global offices are respected local-market roles models that are passionate about the commercial real estate business. With long histories of success across market cycles, NAI Global offices have a hard-earned, unusually deep level of local market knowledge and insight beyond the commoditized data you find elsewhere. This depth of knowledge is borne from their local relationships nurtured for generations-relationships that give our local-market leading offices the edge with the know-how, who, what, where, and when to achieve exceptional results for clients.
As an organization, NAI Global actively manages this industry-leading platform of local market knowledge and leadership, providing support and services that yield seamless integration and the consistent delivery of exceptional services to clients worldwide.
To learn more, visit WWW.TALCOR.COM or www.naiglobal.com
Tallahassee, Florida – November 13, 2020 – NAI TALCOR, a member of the world’s premier managed network of commercial real estate firms, an...