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.

Wednesday, November 15, 2017

What Amazon Means for the Real Estate Market

The most recent buzz amongst almost all business outlets has been the now-confirmed rumors that Amazon will be buying Whole Foods. Although Amazon is a flourishing company that has dominated the online retail industry through a unique digital marketplace and astounding distribution innovations, many people were still shocked to hear about their next expansion. The discussion surrounding the Whole Foods purchase is filled with questions of technology, the success of similar marketplace retailers, and how this correlates to real estate. Amazon securing the ownership of Whole Foods is has many implications for the real estate market and it is important to prepare for the role that this acquisition could play.

The purchase was a smart decision on Amazon’s part, given the overlap between their consumer base. Although Whole Foods does not have rivaling retailers who offer competing prices for similar goods, they have a following of customers who tend to rank higher in terms of income and education. Therefore, it makes sense that Amazon would attempt to capitalize this specific clientele given that they are likely to have access to the technology that Amazon utilizes in their e-commerce.

In terms of commercial real estate, the physical spaces of current Whole Foods stores are not the most efficient based upon their size compared to quantity of merchandise. Amazon could shift towards a more compact business model that maintains a similar revenue in a more cost-efficient retail space. Similarly, many of the warehouse spaces for online shopping centers aren’t in the most opportune locations to distribute product to worldwide consumers. A shift could be made in the relocation of Amazon warehouses, stimulating the commercial real estate market.

The customers who shied away from the higher prices at Whole Foods may become more open to the prices that will be designated by the new owner, Amazon. Similarly, it is difficult to estimate how Amazon will merchandise the various dining aspects of Whole Foods, but it could be assumed that the profitability of such services could result in expansion to independent dining options purchased through the real estate industry. However, this does bring into question the impact that this merger will have on smaller chains, or possibly local grocery stores. Although all grocery stores are competing for a large influx of customers, there is hardly any specific overlap between them. This means that there wouldn’t be a huge disruption amongst the real estate market because it is merely setting trends for the possible future of retail.

The shock of Amazon announcing their proposed purchase of Whole Foods has caused quite a stir and for good reason. The retail industry is attempting to take advantage of customer trends, especially in terms of technology, to pave a way for a future that could be much more profitable. For more information about this purchase or the implications for the real estate market, come see us at NAI Isaac. We are a commercial real estate and property manager located in Lexington, Kentucky and serve the surrounding areas. We would be happy to discuss any commercial real estate needs you may have, as well as any concerns about the Amazon merger with Whole Foods.

Thursday, November 2, 2017

How E-Commerce Is Changing Commercial Real Estate

E-commerce has had a significant impact on the way people purchase goods. The convenience of buying what you want in the comfort of your home is hard to match. Due to the thriving amount of online shopping, brick-and-mortar stores are experiencing a decrease in customers. Retailers must now find ways to update and adapt in order to keep up with e-commerce. In today’s technology obsessed world, commercial real estate must find ways to remain profitable.

To get people to shop instore, companies must offer something special to draw people in. Commercial real estate needs to enhance the amenities provided at shopping centers. Child play facilities will encourage parents to leave the house more often if they know that their children will be entertained.

With the reliance on smart phones, commercial real estate must keep up with the current technology. Utilizing beacons can help drive people into the stores. Beacons use the phone’s GPS signal to forward information about stores located near the person’s location. The beacon can communicate individualized messages such as store promotions or provide helpful customer service. Technology can also help ease the payment process for customers. Amazon is testing a potential new concept called AmazonGo in their stores. This feature allows people to check in and out of stores with their smartphone. They also have sensor fusion, so the store knows what products the customer is planning on purchasing. To complete the transaction of buying the items, the customer merely needs to walk out of the store. This technology will help to abolish the hassle of checking out, and save customers time. Advancing the retail experience is the best tactic to ensure that people continue to shop there.

Another way e-commerce is affecting commercial real estate is with the supply chain process. In the past, inventory had to travel to several locations before reaching the store. However, retailers now are simplifying the procedure by having stores, warehouses and sites all in one place. This means that commercial real estate must buy property large enough to house the entire inventory. Having the inventory onsite will cut down on shipping and processing times, thus giving customers their items quicker.

Commercial real estate now must have multiple benefits to promote shoppers to come to their store. It’s not enough to simply offer products instore; people need more incentives to shop outside of their home. For help on adapting commercial real estate to e-commerce, contact NAI Isaac. NAI Isaac Commercial Properties can provide assistance by offering a variety of commercial real estate services. Our professional associates are well-equipped to handle any concerns related to real estate. We offer exceptional customer service and promise to produce remarkable results to leave clients satisfied. NAI Isaac is located in Lexington, Kentucky and serves the surrounding area as well.