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November 2024

Last week, we looked at two recent trends changing retail: webrooming and experiential retail. This week, we look at two more, predictive technology and dynamic pricing, and consider their impact on commercial real estate investors. 1. Predictive Technology: Predictive technology uses tools like computers, robots, algorithms, and more to predict the shopping behaviors and buying habits of consumers. Like predictive models used in economics and finance, predictive technology is used in retail to make decisions about customer service, inventory, pricing, and location. Cameras, kiosks, and mobile apps are expected to take over the role of customer service representatives. Using these tools, retailers can analyze their customers’ shopping patterns and make suggestions

Last week we looked at some recent retail transactions in Boulder that suggest quite a change to Boulder’s landscape. In this post, we explore some trends changing retail and what this means for commercial real estate investors, particularly in Boulder. There is no question that online shopping continues to grow. In 2010, there were 34 billion visits to U.S. stores. By 2013, there were 17.6 billion (according to Elite Wealth Management). But other trends suggest that retail is not dying, but just shifting its role. It is critical for commercial real estate investors to understand the factors – including product, industry and location

Retail is changing. And several recent restaurant closures would suggest that dining is as well. Here’s a look at some recent transactions around Boulder and their backstories. Many of these changes are part of a broader trend away from big retail and chain restaurants. This post is the first in a multi-part series about the changing landscape. Boulder’s Old Chicago, the first restaurant in what later became a chain, closed in December 2016 after 41 years on Pearl Street. The owner of the building has plans to raze the one-story restaurant and build a three-story building that will contain retail, restaurant, and office space.

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