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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 | Dec 05, 2022 |
Retail News

Inflation is Easing its Grip

The price of gasoline is dropping like a rock. Chicken wings are suddenly a bargain. And retailers drowning in excess inventory are looking to make a deal. After more than a year of high inflation, many consumers are finally starting to catch a break. Even apartment rents and car prices, two items that hammered millions […]
Rob Samtmann | Nov 17, 2022 |
Retail News

It's Looking Good For The Holidays!

Retail Sales Jump Retail sales were up 1.3% for October (seasonally adjusted) from September, indicating that consumers continue to spend despite rising prices. Many retailers, including Walmart, Amazon and Target, started early holiday sales in October, giving shoppers access to great deals early in the season. Year over year, sales were up 8.3% compared to […]
Rob Samtmann | Nov 08, 2022 |
Retail News

Real Estate Matchup Between Astros and Phillies

A World Series between the Houston Astros and Philadelphia Phillies is also a matchup of two of the country’s most important commercial real estate markets. Those baseball teams play in the fourth- and sixth-largest U.S. cities, located along key shipping ports, and amid thriving warehouse and apartment demand, according to CoStar data. Houston and Philadelphia […]
Rob Samtmann | Oct 31, 2022 |
Retail News

For Halloween Shopping, Consumers Prefer Specialty Store Haunts

National Retail Federation Expects Record $10.6 Billion in Spending on This Year’s Holiday Specialty Halloween stores will be gobbling up a lot of sales this year, according to the National Retail Federation as it predicts a record $10.6 billion in spending overall for the holiday. Halloween shops and costume stores, like the ubiquitous Spirit Halloween […]

Rob Samtmann

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

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