The market for big box spaces plunged during the recession as companies like Circuit City folded. But demand is very slightly picking up, and in some places it never went away.
Retail Traffic Magazine reports that certain retailers are still looking for the right locations to expand, and that reusing existing space is seen as a money saver over new construction. But even more than before, the selling point is location, location, location.
"During the peak of the market many big-box operators opened locations in emerging areas, hoping to capitalize on future residential growth. Those stores might sit unoccupied for years, until the residential sector resurges, [David Solomon, president of NAI ReStore] notes. In many of those cases, landlords will eventually be faced with options ranging from leasing the space to non-retail uses like schools or government agencies to walking away and giving the keys back to the lender."
FULL STORY: Expanding Retailers Begin to Look at Big-Box Spaces, but Supply Outstrips Demand
Opinion: When New Growth Is Really a 'Giant Ponzi Scheme'
Development that depends on subsidies is not fostering true growth and instead is a financial house of cards.
Dollar General Unveils Urban Format Store For Millennials
Now proposing to add another 900 stores in 2018, Dollar General continues to rapidly expand throughout the U.S. However, their push for a smaller more urban format is something seriously worth watching.
Ross May Be Immune from the Amazon Effect
Ross Stores continues its expansion in the face of a much-foretold retail apocalypse. The shopping experience it provides may be one reason it can stand up to Amazon.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
End Human Sacrifices to the Demanding Gods of Automobile Dependency and Sprawl
The U.S. has much higher traffic fatality rates than peer countries due to automobile dependency and sprawl. Better planning can reduce these human sacrifices.
Seattle Transit Asked to Clarify Pet Policy
A major dog park near a new light rail stop is prompting calls to update and clarify rules for bringing pets on Seattle-area transit systems.
Oregon Bill Would End Bans on Manufactured Housing
The bill would prevent new developments from prohibiting mobile homes and modular housing.
Nashville Doesn’t Renew Bike Share Contract, Citing Lost Federal Funding
The city’s bike share system, operated by BCycle, could stop operating if the city doesn’t find a new source of funding.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Tyler Technologies
New York City School Construction Authority
Village of Glen Ellyn
Transportation Research & Education Center (TREC) at Portland State University
Chaddick Institute at DePaul University
Institute for Housing and Urban Development Studies (IHS)
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions