Green Street Advisors Launches New Product Line: Real Estate Analytics
Retail Market Analysis Finds Online Shopping is Stealing over 100 Basis Points per year of Sales Growth from Physical Stores
Newport Beach, CA, February 26, 2014 — Green Street Advisors recently introduced Real Estate Analytics, a new product line of value-add research focused on the private commercial real estate markets. Products include data and analytics at the macroeconomic, property sector, and market level for the apartment, industrial, mall, strip and office sectors.
In one of its first reports - the 2014 U.S. Mall Outlook - Green Street reviews the major changes that are occurring in U.S. retail real estate due to the growth in eCommerce. The real estate research firm estimates that 15% of currently operating malls in the U.S. will either be fully or partially repurposed into something other than retail or closed in the next ten years – this is up from a 10% estimate several years ago. The nation’s strongest malls will continue to gain market share, while weaker malls are at risk. Additionally, Green Street estimates that online shopping is stealing over 100 basis points per year of sales growth from physical stores.
“As a result of spending over 25 years studying public REITs, we find we have a wealth of data and insight that is pertinent to the private market,” Mike Kirby, Green Street’s Director of Research, said, “Our aim with Real Estate Analytics is to leverage off this research intelligence and produce conclusion-driven reports to help all real estate investors, not just those who invest in publicly-traded securities, make the best possible investment decisions.”
As part of the launch, the firm also published in-depth Apartment and Office Outlooks and 10 snapshot reports. The 2014 Strip Center and Industrial Outlooks are to come. An overview of Green Street’s products and services can be found here.
About Green Street Advisors, Inc.
Founded in 1985, Green Street Advisors is the preeminent independent research, trading, and consulting firm concentrating on Real Estate Investment Trusts (REITs), other publicly traded real estate securities, and the private commercial real estate markets in North America and Europe. Additional information on Green Street Advisors is available online at www.greenstreetadvisors.com.