Fully Occupied Scoop: May 2024 Newsletter
Last Updated on June 7, 2024 by Amanda Lee
Hi there,
Grab a scoop 🍦 – Your monthly CRE news roundup has been delivered.
We are back from ICSC LAS VEGAS, the premier retail real estate event of the year.
The energy and excitement around the future of retail was invigorating and inspiring. So our May issue of the Fully Occupied Scoop is dedicated to ICSC and the retail real estate trends that are shaping the landscape of brick-and-mortar stores.
From innovative store formats to the integration of cutting-edge technology, we’ve got the insights you need to stay ahead of the retail real estate curve.
🚀 Retail is on the Rise
Retail Is Savoring Its New Status as the Favored Sector
“80% of the U.S. retail properties that traded in 2023 went to private buyers, but that figure will decline to 65% to 75% this year as institutional capital reemerges into the retail space.” ICSC
ICSC Halo Effect Report III
Opening a brick-and-mortar location is a reliable indicator that shoppers will increase their online purchases, in addition to their shopping in the new store with a 7% lift in in-store sales. ICSC
Brick & Mortar Retail Trends in 2024
ICSC has declared 2024 as the “Year of the Store”. And for good reason, the retail trends stats are staggering! ICSC found that 79% of consumers prefer to shop in-store. Occupier
🍦 So, What’s the Scoop?
Remember when “retail therapy” meant browsing the mall with a pretzel and refreshment in hand? Well times have changed, and in 2024 it’s all about creating an escape from reality.
Savvy retailers are recognizing that shoppers crave multi-sensory experiences that can’t be replicated online. So, they’re transforming the spaces into a place where shoppers can truly unwind and indulge into some guilt-free pampering.
We ❤️ ICSC LAS VEGAS
ICSC Creators Kyle Inserra and Matt Giffune debrief on key insights from the 2024 ICSC LAS VEGAS event. Whether you missed the live event or want to revisit the valuable insights shared, this recording is packed with essential information for anyone involved in the retail industry.
🌟 OCP Employee Spotlight
Get to know Enzo from our Customer Success Team
Why do you love working at Occupier?
I love the people! Everyone is a joy to work with and always ready to help with a project or chat about the goings on. Also love the encouraging environment- I’m trusted with my day-to-day and everyone is always eager to let me try new things out!
What is your favorite memory at Occupier thus far?
Hotpot after paint and pour!
What is your favorite thing to do outside of work?
I love cooking, listening to music, making rugs and hanging out with friends and family.
What’s your favorite movie of all time?
I’ve got a few:
- Action – Mad Max: Fury Road
- Horror/Suspense – Noroi: the Curse, CURE
- Drama – Midnight Cowboy
- Comedy – Party Girl
- Childhood fave – Toy Story
What travel destination would you recommend?
I went to Iceland and loved every second of the trip! Also used to live in the Philippines and highly recommend anyone to visit.
What’s the best piece of advice you’ve ever received?
Be the person you needed in life!
Check out Enzo’s takeover on our Instagram Story!
🎙️ Latest on the Fully Occupied Podcast
Shawn Walchef, owner of Cali BBQ / Cali BBQ Media, shares his insights as a restaurant owner on building a successful restaurant brand in the digital age and how he used the internet and social media to his advantage.
Troy Hooper, CEO and Dana Hathaitham, Director of Real Estate, share Pepper Lunch‘s story and rapid expansion strategy into the United States market. They discuss all the considerations to make when planning restaurant real estate growth.
📝 Latest on the Occupier Blog
Retailers are leaning into themes of community, engagement, and experience within their physical space.
Explore the most common challenges that multi-site retailers experience and our top 5 tips to combat them.
🎙️ Interested in being on Fully Occupied?
The Fully Occupied Podcast is all about bringing together the CRE, proptech, and
tenant-rep broker world to share their stories in this ever-evolving space.
Apply to be on the podcast!
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