The Importance of Revenue Per Square Foot for Retailers

Dunkin DonutsBy Southpace Broker Andrew Loveman, CCIM

As a broker with an emphasis in retail, I was interested by a recent article on YAHOO! Finance that took a deeper look into the importance of using revenue per square foot as a success measure. In particular, this article chose Darden Restaurants, Inc., a leading company in the United States with some of the most recognizable brands in the industry such as Olive Garden, Red Lobster and Seasons 52, as its primary example of illustrating why revenue per square foot is the best way to determine the success of each restaurant. The article also goes on to discuss this as to whether Darden should pursue another “premium” cost or “lower end” cost concept.

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The Journey of Becoming a CCIM

By Tyler Bradford, CCIM, Southpace Broker

Earning the Certified Commercial Investment Membership (CCIM) designation takes a lot of hard work and even more dedication. It’s a prestigious title that recognizes each member as an industry expert who’s proficient in both theory and practice. Now that I’ve earned my designation, it’s an honor to be Southpace’s 13th CCIM designee.

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How Construction Activity Betters Our Economy

constructionBy Charles Ferlisi, Director of Development & Construction Consulting at Southpace Properties, Inc.

I recently came across an article in the Birmingham Business Journal by Jay Reed, President of the Associated Builders and Contractors of Alabama. His piece was titled “Why Construction Matters in Alabama.” As Director of Development and Construction Consulting at Southpace, I was curious to read his points of why he felt construction mattered so much in our state. Turns out, I couldn’t agree more with what he had Continue reading “How Construction Activity Betters Our Economy”