New Retail Designs?

For many in Middle America, there seems to be a trend to the same ol' same ol' retail developments that keep popping up. Tan stucco exteriors and a few elevation changes with simple interiors for the most part sums up all the basic retail developments in the area. Not surprising, it's affordable, looks clean and is easy to attract tenants and shoppers.

However, there is a whole other world out there in retail architecture, so much so that there is an award for the best in retail architecture. It's called the SADI (Superior Achievement in Design and Imaging) Award. It recognizes outstanding achievement in creating beautiful and successful retail environments.

For more info on the article discussing the award and it's history, click here. 

To see the winners of this year's SADI Award, click here for 1st place, 2nd place & 3rd.

For expert advice on buying or selling commercial property, contact Neil Dailey of McGraw Commercial Properties for your next commercial real estate transaction. Direct line: 918-853-7337.

Rattled Retail

Today, another gloomy story about Office Depot is announced.  According to Bloomberg, Office Depot, Inc said it will close almost 10 percent of its North American stores and cut 2,200 jobs or 4.5 % of its workforce as the demand for business furniture has fallen during the US recession. On the bright-side, shares jumped 11 % on the news.

Office Depot currently operates 1275 stores in North America and this number will be reduced to 1163. New store openings next year will be limited to 20 stores, which will reduce capital spending and increase cash flows by $70 million.

For more information on the story, click here.

If you are looking to buy, sell or lease commercial property, please contact Neil T. Dailey of McGraw Commercial Properties for expert advice on your next transaction. Neil can be reached at 918-853-7337.