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RETAIL

Real Estate Economic Outlook 2017

PresentedBy:

TommyEdwards JustinBaker

Louisville Retail Indicators

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Online vs. Brick & Mortar

Click & Pick Up – Grocery

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Integration = Survival

OMNI CHANNEL

ExperienceConvenienceTheFormer

ValuePropositionofBoxRetail

Shopping

BricksE-commerce

Clicks

Embracing Technology

Selling the Experience

https://youtu.be/6G3JIyG_GeY

Stores in the U.S.

Who are Millennials?

o CONVENIENCE

o TECH SAVVY

o EXPERIENCE

Millennials & Technology

Cool Streets

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Millennials are the Largest Consumer Group

0

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60

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Generation Z

Millennials Generation X

Baby Boomers

Greatest Generation

MILLION

S

83MillionMillennials(1982-2004)

75MillionBabyBoomers(1946-1964)

63MillionGenX(1965-1984)

Fear Of Missing Out

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The Gift That Keeps on Giving

US RETAIL SALES ON TRACK TO REACH $4.0 TRILLION BY 2017

9/100 IN-STORE PURCHASES ARE RETURNED

BY 2017, PROJECTED US ECOMMERCE SALES WILL REACH $440 BILLION TOTAL RETAIL RETURNS BY 2017 PROJECTED TO EXCEED $460 BILLION

30/100 ONLINE PURCHASES ARE RETURNED

70-80% OF SHOPPERS MAKING ONLINE-PURCHASED RETURNS TO STORE ALSO MAKE A NEW PURCHASE

Retail Closings

Apparel – “Forever Changed”

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Strip Centers

20/80 80/20

Labor Pool

Growth Areas

New Zoning Bond Legislation

Questions?

Thank You!

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0%

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2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Avg Class A Vacancy CBD Avg Class A Vacancy Suburban Avg Class A Lease Rates CBD Avg Class A Lease Rates Suburban

Average Class A Vacancy and Lease Rates – 10 Year Trend

Source: CBRE Research, Q1 2017.

Average Class B Vacancy and Lease Rates – 10 Year Trend


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The Office Space of the Future

Workplace360 OfficeW Collaboration focusW Increased ProductivityW Paperless/Cloud

storageW Desk sharing/hot

deskingW Huddle RoomW Lounge SeatingW Technology

CBRE’s Workplace360 is designed to optimize the health, wellness and productivity of its occupants. Each office features a balance of private and collaborative workspaces designed to support the way employees work through enhanced flexibility, mobility, technology, productivity and wellness.

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