Missouri shopping malls can sometimes face significant gaps in their assortment of stores, especially when national retailers shut down. Whether due to the low prices and large scale of online retailers or the transition to walkable outdoor spaces, mall vacancies can give customers a bad impression of commercial real estate. However, specialty shops that lease mall space for only a short period of time can help to thin out the gaps and provide new options for shopping mall owners.
Commercial real estate industry slowly embracing data analytics
In Missouri, some commercial real estate brokerages have been hesitant to adopt the latest technology because of past problems that they have encountered. While the industry has been notoriously slow in embracing technology, the availability of curated data sets is leading more stakeholders to move forward.
AIA dispute resolution revisions raise questions
Contracts developed by the American Institute of Architects often serves as a foundation for agreements between parties on a construction project in Missouri. Every 10 years, the organization revises documents, and it has added language to documents A101, B101 and A201 that is raising new questions and concerns.
Commercial real estate markets hold steady
Missouri investors may wish to keep their money in U.S. commercial real estate. According to NAI Global, demand was healthy in the second quarter of 2017 and should continue to remain steady in the second half of the year. Lower vacancy rates and higher rental rates mean that investors may see steady returns over the long term.
