Big Shifts, Strong Opportunities: A 20-Year Analysis of Banking Real Estate Trends
Equity Retail Brokers is known for its expertise in the Greater Philadelphia banking sector, but the team recently decided to zoom out for a big-picture look at the national data on U.S. bank real estate over the past 20 years. Using five-year increments running from 2003 to 2022, Equity Retail Brokers’ banking experts dove into […]
Equity Retail Brokers Launches Online Resource for Buyers and Sellers of Triple-Net-Leased Commercial Real Estate Properties
Triple-net Trends site delivers cap rates (including by region) on more than 50 chains, along with customer visitations, comps and other key performance indicators; categories include automotive, big-box retail, banking, c-stores, and fast-casual/QSR restaurants. PLYMOUTH MEETING, Pa. (03/17/22)—Equity Retail Brokers today announced the launch of nnntrends.com—a one-stop-shop resource for investors in triple-net-lease properties nationwide. Available […]
How to Negotiate a Retail Lease—the Letter of Intent (LOI)
Signing a letter of intent is an important milestone on the path to negotiating a retail lease. The LOI is a nonbinding agreement that puts businesses and landlords on the same page before either party signs the more-detailed—and legally binding—retail lease. Equity Retail Brokers routinely negotiates letters of intent on behalf of clients ranging from […]
Equity Retail Brokers’ ‘Wish List’ Items for the Year
If you go to the Equity Retail Brokers page on LinkedIn and scroll through the posts from the past eight or nine months, you’ll see lots of perfectly normal content for a firm like ours. There are store-opening announcements congratulating Pancheros, Starbucks, Firestone and other clients; pics and videos highlighting leasing and land-sale opportunities; status […]
Tenant Rep Brokers Wear Many Hats—and Some of Them May Surprise You
What is retail tenant representation all about? At a high level, the job description is simple: Find great real estate for your clients, push for favorable lease terms—and seal the deal. And yet that broad overview doesn’t actually capture the nuance and complexity involved in professional tenant representation. Tenant rep brokers wear many hats. Even […]
Is force majeure a reason to break a commercial lease?
With the onset of the global pandemic, questions related to lease clauses involving force majeure—literally, “superior force” but often interpreted as “acts of God”—loom in retail real estate: Does the pandemic qualify as a force majeure event? If so, are tenants justified in declining to pay rent? What protection do these clauses provide to landlords? […]
How to Open Your Second and Third Retail Locations
By Rob Samtmann Retail real estate is a long game. Brokers, landlords, retailers and other stakeholders need to think carefully, not just about present-day market conditions, but also about future ones. Despite the admittedly daunting effects of the Covid-19 virus, any veteran of the business (I’ve been a broker in Philadelphia since 1997) knows one […]
Tenants want rent relief – how are landlords reacting?
As a full-service brokerage firm that represents retail landlords and tenants alike, we remain in touch with our clients on a daily basis. A hot topic is rent relief. Many tenants have been forced to close by state mandate, and many of those that may remain open (restaurants that can only provide drive-thru or take […]