Wednesday, January 17, 2018

NAI Isaac Makes tBL Top 10+ CRE Bloggers of 2017 List

NAI Isaac recently made the top 10+ list for the Broker List Bloggers in 2017.  Each year, tBL reviews and ranks Commercial Real Estate Blogs based on content, headlines, number of stories featured and viewership.  This year, NAI Isaac obtained special designation for Most Done Deals.  NAI Isaac's blog features the company's latest news, transaction information, industry tidbits and market announcements.  For more information on The Brokers List top 10+ list, visit their website.  Visit NAI Isaac's blog here.
NAI Isaac is a Lexington, Kentucky-based firm specializing in the leasing, sale and management of commercial real estate in Central Kentucky.  Our satisfied clients include developers, private investors, corporations, institutions, non-profits, and REITs.  We maintain long-term client relationships through unequaled skill, knowledge and dedication.

NAI Isaac features a staff of experienced professionals specializing in the property management, leasing, acquisition or disposition of office, retail, and industrial properties as well as development and investment opportunities.  NAI Isaac offers a range of expertise that allows us to successfully address any real estate opportunity or challenge.

Wednesday, December 27, 2017

The Relationship Between Food Service and Commercial Real Estate

Commercial real estate has altered its perception of food service. Traditionally food was pertained to the food court area, but that is no longer the case. Today, restaurants have become a central figure in the design of shopping centers. Commercial real estate has become more dependent on food service to obtain profits. This new function of restaurants has caused a drastic shift in the relationship it has with retail. There has been a slight role reversal to which industry brings in customers, as food service is having a greater impact.

The Food & Beverage category is a growing segment, which leads to the integration of food service within commercial real estate spaces. One study conducted by the International Council of Shopping Centers, focused on the role of food service in the retail atmosphere. They found that in most countries, consumers have been spending more on food service than they have on groceries in recent years. People are now eating out more, and restaurants at all price points are seeing increased traffic. Food service has had a halo effect to the surrounding stores, and as a result, the stores experienced sales growth. Restaurants are now used as anchors in commercial real estates to attract customers. By 2025, the amount of retail space dedicated to Food & Beverage is forecasted to reach over 20% for the United Kingdom, Canada, and the United States. The predicted amount of restaurants and bars in shopping centers could exceed 30% in Asia.

The effect that food service has on commercial real estate is increasing, but it has to be utilized correctly. The layout of the retail space must be conducive to cross-shopping. After dining, people are more likely to shop if the stores are easily accessible and nearby. Urban enclaves have been proficient in their use of design to promote cross-shopping. Technology is another avenue that can lead to more profitable retailers. Consumers are willing to travel to restaurants that receive positive reviews online, as they are seen as having goods of greater value. The attention the food service sees will translate to more traffic to the surrounding shopping center. Putting an effort into the internet presence of a restaurant will have a positive effect on the local economy. It is also important to be mindful to the trends of the area. Trends in food come and go quickly, but some have a lasting presence. It is smart to know how to adapt to the current tendencies in order to cater to customers wants. Food service has seen a growth in health-oriented, chef-driven, and fast-casual dining concepts. Keeping this information in mind will help lend to prosperous restaurants and commercial real estate.

Food service is a growing industry that will continue to be an advantageous business prospect. NAI Isaac employs experts that are equipped to successfully manage every aspect pertaining to real estate. We are dedicated to setting our clients on a path that leads to continued success. We are located in Lexington, KY and provide service to the surrounding area.

Tuesday, December 12, 2017

Al Isaac Named to the NAI Global 2018 NAI Leadership Board Advisory Taskforce

Al Isaac, President of NAI Isaac, has been named to the NAI Global Leadership Board Advisory Taskforce.  The announcement was made at the NAI Global Annual Convention in Carlsbad, California.  NAI Global is a leading global commercial real estate brokerage firm.  "We are very pleased to have Al Isaac in this role." said Jay Olshonsky, President of NAI Global.  "The success of NAI Isaac is a testament to his leadership skill.  Our offices are very fortunate and will benefit from his experience."

The NAI Advisory Taskforce institutes the strategic initiatives of the Executive Leadership Committee and assists the Strategic Leadership Committee in researching, vetting and aligning the strategic initiatives with the goals and objectives of NAI Professionals.

The NAI Leadership Board is comprised of an Executive Leadership Committee, an Advisory Taskforce, a Strategic Leadership Committee and a past Chair Person's Council.  The NAI Leadership Board provides proactive leadership to increase the profitability, professionalism, technical capability, integrity and standards of practice that reinforce and breed mutual trust and respect throughout the organization.  It fosters and promotes activities, education and communication that elevate the level of engagement and productivity of Offices, Agents and the Organization at-large.

Wednesday, December 6, 2017

NAI Isaac Welcomes La Marquesa Mexican Restaurant to Stonewall Shopping Center in Lexington, Kentucky

NAI Isaac welcomes La Marquesa Mexican Restaurant to Stonewall Shopping Center, located at 3101 Clays Mill Road in Lexington, Kentucky.  La Marquesa is a well-established Mexican restaurant, with loyal clientele, relocating to Stonewall Shopping Center. They are slated to open February 2018.   Al Isaac, President and Jim Holbrook, Associate with NAI Isaac handled the lease transaction.  Nathan Dilly and John Bunch, Associate Advisors with Sperry Van Ness, represented the tenant.

Tuesday, November 28, 2017

The Rise of the Wellness Industry and How You Can Capitalize Off of It

The world is changing, and as such consumers’ habits have changed as well. The wellness industry has become a booming market. People have an increased interest in bettering themselves through living a healthier lifestyle. They are also not connecting with traditional retail experiences anymore.

A study was conducted to see the extent of the expansion the industry incurred. The global wellness industry has a worth of $3.4 trillion. This is in part to the significant development of the sectors in the market since 2010. The market for weight loss, nutrition, and healthy eating has experienced a 108 percent increase in sales for earnings of $276.5 billion. There has been a 65 percent increase in the alternative and complementary medicine sector for profits of $113 billion. The personalized and preventative health division has seen a 78 percent growth for revenues of $243 billion. 51 percent increase of the anti-aging and beauty segment lead to proceeds totaling $679 billion.

The research also found other interesting data. From 2007 to 2013, the spa industry experienced a growth of 58 percent. The number of spa locations went from 71,762 to 105,591 which is a 47 percent rise. Wellness tourism from 2012 has shown a 12.5 percent upsurge in revenues to an impressive $494 billion. This is outperforming the predicted growth forecast of 9 percent. The prominence of the wellness industry is due to the obesity and chronic disease crisis.  The overwhelming prevalence of obesity cases has led to so many people seeking a solution by means of wellness practices.

With the strong enthusiasm people have towards the wellness industry, it would be well advised to adapt retail businesses to suit this particular market. The demand for activities that focus around fitness and relaxation can be infused into brick and mortar stores. Brands that are able to appeal to consumers’ need for mental, physical, spiritual, emotional, and environmental stimulation, will create a connection with them to form stronger bonds and long-lasting relationships. Tag Heuer decided to revamp how consumers interact with a brand. They created Spotify playlists to help customers identify with the brand and to bring it to life. Samsung turned some of their headquarters into a multi-functional theater. The space is used for different workshops such as meditation and virtual reality experiences. These types of changes are great to engage with people and appeal to their need for involvement.

Now is the perfect time to join the growing trend of wellness industry businesses. The continual growth indicates that it is financially advantageous to appeal to the wellness market. NAI Isaac can help you make intelligent real estate decisions in order to have a prosperous business. They are committed to giving clients superior service to achieve high quality results. NAI Isaac is located in Lexington, KY and provides service to the surrounding area.

Wednesday, November 22, 2017

NAI Isaac Welcomes Graham Flooring and Cabinets to Keithshire Place in Lexington, KY

NAI Isaac welcomes Graham Flooring and Cabinets to Keithshire Place, located at 3330 Partner Place in Lexington, Kentucky.  Graham Flooring and Cabinets offers complete home remodel options to customers throughout Central Kentucky. For more information, visit their website.   Al Isaac, President and Bruce R. Isaac, SIOR, CCIM, Senior Vice President of NAI Isaac handled the lease transaction.