Grateful, Thankful, and Blessed. Please support Hurricane Relief efforts by donating and doing business in western Carolina communities. They are counting on holiday tourism for economic recovery.
FEATURED ARTICLE
5 Keys to Attracting Retail
We shared a recent LinkedIn post by Retail Brew about retail grocery chains and how they are repositioning themselves among fierce competition…
This has been our experience in the Carolinas as Publix has entered the market competing with local brands Food Lion and Harris Teeter (recently bought by Kroger).
How is your local market doing for grocery and other food options? After years of working in the retail shopping center industry and as a consultant we put together a few key things to consider:
- Understand your local market – get updated demographic and economic data to help retailers understand the characteristics of local consumers. Communicating the culture of the community also helps retailers determine market nuances – its not just about population, rooftops and income! What do your residents value most – cost, quality, selection, loyalty programs, or community engagement?
- Update your data to share with prospects – provide the above data in a visual and articulate way. What is the primary and secondary trade area – how far will folks drive or walk for goods/services? No one drives in circles – a 3 or 5 mile radius is not useful to most tenant/site selection consultants or retailers.
- Provide information on what is in the area – who is already in the market? Where are they located and are they clustered together? Like follows like and many retailers like to co-locate with or near others who have a similar consumer profile. What other large demand drivers are in your community – such as a hospital, university or large employer?
- Communicate with local shopping center owners & managers – they are invested in success so listen to their feedback from retail tenants, both positive and negative.
- Be proactive and tell your unique story – shopping center owners & managers may not be local and engage national leasing strategies. Communicate how and why your community is different and what you are hearing from local residents and visitors. And be sure to share any pending news that may make a difference. They need to know they have community support – be a partner in their success. If so, everybody wins!
Prosperity Builder Program – Problem. Solved.
Prosperity Builder Scorecard™ is a tool we developed in evaluating quality of life and goals attracting talent and investment, and other policy priorities. Get your overall score and a score for each of 12 categories. For more details about our Scorecard or other products and services in our Prosperity program, reach out to us at info@roseassociates.com to schedule a free initial consultation. Be sure to put PROSPERITY SCORECARD in the subject line!
News and Events
Top Ten and Trends
The Counselors of Real Estate unveiled its 2024-2025 Top Ten Issues Affecting Real Estate® at its recent conference in New York City.
The ULI/PwC 2024 Emerging Trends in Real Estate® report digs deeper into which markets to watch: Emerging Trends in Real Estate® United States and Canada 2024 | ULI Knowledge Finder
PODCAST EVENTS
Kathleen Rose, CCIM, CRE® was a guest on Dane Carlson’s Econ Dev Show to discuss economic development in the Carolinas and our new Prosperity Builder Scorecard. Stay tuned for the episode to air this month.
Kathleen was also a recent guest on Town Talk, hosted by Bill Russell and the Lake Norman Chamber.
We will be resuming our Luminaries podcasts in 2025! See prior shows in our Video Library with guests and Carolina real estate titans Arthur Samet, Pete Frandano and Cindy Chandler. Interested in being a guest? Contact Kathleen Rose to submit your interest.
ADVISORY PROJECT UPDATES
We have been busy! Rose Associates’ work in Q3 & Q4 2024 includes the following projects on our docket where we provide foundational insight into real estate markets, land use strategy and economic development:
- Dillon, SC Market & Development Strategy
- Spencer, NC Small Area Plan with Bolton-Menk
- Pender County, NC Comprehensive Plan with Clarion
- Mebane, NC Comprehensive Plan with Green Heron Planning
- Rolesville, NC Comprehensive Plan with WithersRavenel
- New Hanover County, NC Comprehensive Plan with Clarion
- Lillington, NC Land Use Plan with KCI
Mill Redevelopment: Do you have success story in your community about a Carolina Mill project? Let us know. We are compiling case studies for an upcoming storybook. We’d love to showcase your project! Email info@roseassociates.com with subject line “Mill Project”.
BROKERAGE DIVISION ANNOUNCEMENTS
Whit’s Custard – Daniel Bellot is exclusive tenant representative for Whit’s Custard in its site selection and is now seeking sites in and around the Charlotte Region. Reach out to Daniel at dbellot@roseassociates.com if your property or community wants to know more.
How Can We Help?
Whenever you’re ready, there are several ways we can help with our enhanced menu of products and services in areas such as Economic Development, Land Use & Commercial Real Estate.
Need a speaker for your next event on these topics?
Kathleen Rose, CCIM, CRE® our subject matter expert can deliver engaging, insightful and informative insights that bring value to your event or organization.
