Category Archives: Retail

One door closes, another opens – to opportunities

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Despite headlines about store closures, retail opportunity remains positive as new stores open and alternate paradigms emerge, especially in New York’s prime urban retail corridors.

In New York City’s upper Fifth Avenue shopping corridor, Under Armour will open its newest flagship store in 2018, in the former FAO Schwarz space vacated in 2015. Old Navy and The Gap will open flagships together in the former Toys “R” Us space in the Bow Tie building at… Read More

Will bank branches on every street corner become a thing of the past?

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A 20% decrease in bank branch locations is expected over the next 10 years

We’ve all heard the catch phrase “bricks versus clicks.”  But have you considered the cost savings tied to bank branch evolution from bricks to clicks?

Simple math tells an astonishing story: the cost per transaction through a bank teller is $8.00; the cost per transaction via a mobile app is $0.08.  Mobile deposit, transferring and banking has changed the fundamental practice of… Read More

Meet JLL retail experts at ICSC next week

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ICSC – where retail and real estate meet

ICSCAnyone who is anyone in retail will be attending the ICSC National Deal Making Conference in New York from Monday December 8 – Tuesday December 9.

Join JLL retail experts in our private meeting space for giveaways and insights into the world’s best retail market.

Stop by the JLL Retail Booth from 8:30AM
Hall… Read More

Big Moves in the Big Apple: Amy Zhen Joins JLL to Expand Retail Capabilities

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Zhen joins JLL as a Senior Vice President specializing in urban agency leasing in New York City

JLL is continuing the expansion of its retail platform in New York City with the addition of Amy Zhen. Zhen will serve as a Senior Vice President working on the team lead by Vice Chairman Bob Gibson, who joined JLL earlier this year to lead the firm’s New York retail brokerage practice.

In her new role, Zhen is tasked… Read More

Fosun Property Holdings Partners With JLL in Leasing of One Chase Manhattan Plaza of New York

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JLL to lease landmark office building

Fosun Property Holdings, a subsidiary of Fosun International (00656.HK), is proud to announce a partnership with the leading real estate services company JLL (NYSE: JLL) in the leasing of One Chase Manhattan Plaza, the landmark office building in New York that Fosun purchased in December 2013.

The 60-story, 2.2 million-square-foot class-A office building will have more than 1 million square feet of office space available for new tenants starting from… Read More

Are you doing all that you can to improve your customers’ shopping experience?

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When it comes to customer experience, renovation is inevitable

Retailrenovation_blogAs retailers focus on their online and mobile strategies, customers continue to spend 94 percent of their time shopping in store. In addition, customers have broad expectations – they look for the same experience as they shop across channels and want their offline experience to evolve as their shopping behavior changes.

JLL’s Perspectives on Retail Renovation whitepaper outlines three questions smart retailers are… Read More