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WITH ROB SAMTMANN

Rob Samtmann | May 31, 2023 |
Philadelphia , Retail News

Philly's Retail Space at New Lows

In a recent CoStar article, Brenda Nguyen points out that despite concerns about the impact of online shopping and the pandemic, Philadelphia retailers have seen a different outcome in terms of leasing performance. The retail space available in the Philadelphia region currently stands at 18.7 million square feet, which is 20% lower than the peak […]
Rob Samtmann | May 03, 2023 |
Retail News

Irish Drones Are Heading This Way

One of the world’s most successful drone delivery companies will be expanding to mainland Europe and the United States in 2023. Manna Aero has already done over 100,000 drone deliveries in multiple locations in Ireland and is trending to hit over 1,000 deliveries per day in individual dense urban markets. But it won’t be instantly […]
Rob Samtmann | Apr 04, 2023 |
Retail News

Work-From-Home Ends for Millions of Americans

Share of businesses with workers on-site most of the time neared pre-pandemic levels in 2022, Labor Department finds. A recent Wall Street Journal article by Gwynn Guilford reported on how rare working remotely has become, only a couple of years after the COVID-19 pandemic forced millions of Americans out of their office spaces. According to […]
Rob Samtmann | Mar 21, 2023 |
Retail News

Dick's Bets on House of Sport

Dick’s Sporting Goods is trying to score with customers who want an engaging, hands-on in-store experience by pushing a big expansion of its House of Sport concept. Dick’s has been closing its remaining Field & Stream stores, with plans to convert some of them into its House of Sport concept or large-format Dick’s stores by […]
Rob Samtmann | Mar 09, 2023 |
Retail News

Fiscal Retail Sales Up 9.4%

Recently released financial numbers for the year 2022 from retailers (most of whose fiscal years ended in January) shows that US sales were up 9.4%, not adjusting for inflation. However, even including inflation (which increased 6.4% in the past 12 months), retail sales were still significantly increased over 2021. Most categories showed positive increases over […]
Rob Samtmann | Feb 20, 2023 |
Retail News

What do Zillennials want?

They’re 30 million strong, they live at home and they are willing to tell you all about their spending habits. Is your marketing strategy geared for the Zillennial micro-gen? A recent Forbes article honed in on the Zillennials micro-generation, the hybrid population that was born between 1990 and 2000. They’re 23-33 year-olds, bridging the Millennial […]
Rob Samtmann | Feb 08, 2023 |
Retail News

Major Developer Announces Second Project in Philly

One of the nation’s largest student housing developers and investors plans to build its second project near two Philadelphia universities. The first development is set to open this fall. According to a recent Costar.com article, one of the largest developers and investors of student housing is planning a second project in Philadelphia (near the University […]
Rob Samtmann | Jan 23, 2023 |
Retail News

Why Retailers Will Continue To Open Stores in 2023

According to a recent Forbes article, last year was a great year for retail real estate! By Q3, vacancy rates were down to 4.3% (one of the lowest rates in decades), driven by retail space demand and a scarcity of new development. Many new stores opened while mature brands continued to expand. Of course, the […]
Rob Samtmann | Jan 04, 2023 |
Retail News

Consumer Behaviors of 2022 That Will Impact 2023 Retail

A recent Forbes article discusses some of the opposing forces that consumers faced in 2022, including high savings driven by government stimulus versus the high inflation that dug into both wage gains and savings; the low unemployment versus tech hiring freezes and layoffs; and high home values versus increasing interest rates. Every factor that could […]
Rob Samtmann | Dec 22, 2022 |
Retail News

NJ Developer Enters Philly with Two New Projects

Sitework Already Underway on 404-Unit Development in Northern Liberties Neighborhood New Jersey-based developer Accurate is entering the urban Philadelphia market with a pair of new residential projects getting underway and a third property under contract. Accurate will break ground on developments in two of Philadelphia’s most sought-after neighborhoods this year, delivering a total of 499 […]

Rob Samtmann

Rob is Managing Principal of Equity Retail Brokers and he specializes in tenant representation and leasing.

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