Investing in the City of the Future - Part 2: E-Commerce Revolutionizes Retail Real Estate
Increasingly, consumers are having their goods shipped to them in boxes and visiting stores and malls mostly for experiences. And while the effects of this massive retail shift are already being felt, most investors don’t realize that e-commerce still accounts for a percentage of overall shopping. As e-commerce grows, its impact on traditional retail real estate will be profound. How are the best investors allocating their dollars to capture the upside of this shift (and avoid the downside?) How care the best investors underwriting a building that has ground-level retail but declining in-store sales? What kinds of retail tenants are poised to thrive? What is happening to the value of logistics real estate, like distribution centers, as e-commerce ramps up?
Several important trends are having an impact on the value of real estate, among them the increasing expense of urban areas and the advent of driverless cars. Our featured experts present a mix of analysis and fascinating anecdotes.
In Investing in the City of the Future - Part 3: Part Suburb, Part City: New Rochelle, NY, we look at a city seen by many as a commuter town and how the real estate play in New Rochelle is reinventing itself as a dense residential community.
Kenneth Weissenberg gives an overview of EisnerAmper’s expertise in real estate investing and advisory services. Clients who engage EisnerAmper’s Real Estate Services team can count on hands-on experience with large complex real estate transactions.