Commercial Property Executive, September 25, 2016
By: Steiner + Associates
The newest demographic groups may have very particular preferences, but technology, building materials and design innovations offer plenty of alternatives to stay on pace. A look at upcoming trends in how people live, work and play will help you to determine how best to improve your properties.
An excerpt from the article:
Much of the development that is occurring is mixed-use. Yaromir Steiner, founder & CEO of Steiner + Associates in Columbus, Ohio recently opened Liberty Center near Cincinnati. The 1.3 million-square-foot first phase includes office, hotel and housing space, along with dining, cinemas and other entertainment options. Steiner said 25 percent of phase one is non-retail, and that number will rise to 50-50 when Liberty Center is built out in the next eight years. The emphasis is on gathering spaces because younger generations—Millennials and Centennials—don’t consume as the older generations have, instead preferring to have shared experiences in social settings.
Heartland Real Estate Business By: Kristin Harlow On the food-and-beverage front, developer Steiner + Associates is targeting premium dining concepts, according to Spencer Jordan, senior vice president of leasing for the Columbus, Ohio-based firm. These users “can function as both a destination and an anchor for adjacent retail,” she says. Read more at Heartland Real…
Heartland Real Estate Business By Beau Arnason & Laura Wedekind Property management has evolved from traditional operations and maintenance to strategic placemaking. Today, property managers curate tenants and experiences, transforming properties into vibrant retail destinations. The competition for consumers’ dollars, time and attention–especially in the Columbus market–is greater than ever. That means no element of…
Commerce + Communities Today By Steve McLinden An excess of retail space pre-COVID yielded to a dearth of it. Now, the industry has finally started a measured march to equilibrium. Forecasts show a small uptick in new retail construction planned for 2025 and considerably more for ensuing years. When paired with rising investor interest and…
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