Fully Occupied Scoop: January 2023 Newsletter

ByAmanda Lee

Last Updated on March 30, 2023 by Morgan Beard

šŸ“ˆ New Year. New CRE Trends.

We are one month into 2023, and it is fair to say that every industry is navigating its new normal: 

  • Whether you are a retailer bridging the online to the in-person shopping experience
  • A restauranteur optimizing operations with supply, demand and inflations hurdles
  • Or an office occupier redesigning your space to accommodate employee needs

One thing is for sure, commercial real estate spaces are facilitating business practices in new and innovative ways.

šŸ”® 2023 CRE Predictions by Industry

The State of Retail in 2023
ā€œRetailers are realizing they can ā€œdeliver a frictionless, seamless experience thatā€™s gotten much better in part driven by the pandemic and the challenges of supply chain issues and store closures and shortages, and consumers really value that.ā€ National Retail Federation

The State of Restaurants in 2023
ā€œ2023 might just be the most normal year restaurants have seen in some timeā€¦ Customers appear willing to spend on food, but it has to satisfy value from one of two anglesā€”convenience or experience.ā€ FSR Magazine

The Future of Work Forecast in 2023
ā€œAs employees return to the office and further embrace the hybrid experience, organizations can be expected to integrate the remote and in-person employee experience by installing new, flexible technology within meeting rooms, common areas, and individual offices. AllWork.Space

šŸ¦ So, What’s the Scoop?

Between inflation, economic uncertainty, and navigating consumer shopping behaviors, 2023 is going to test commercial tenantsā€™ resilience and strategic real estate prowess! Meeting consumers the way they want to be met by leveraging digital solutions, all while cutting costs and achieving growth will be a challenge. One of the first departments to look for cost optimizations and ROI is your commercial lease portfolio.

šŸØ January 15th is National Strawberry Ice Cream Day!

Celebrated annually on January 15th, the National Strawberry Ice Cream Day honors one of the much-loved ice cream flavors in the US! The exact origin of strawberry ice cream is unknown, but records show that Dolly Madison had this ice cream served at her husband James Madisonā€™s second inauguration ceremony in 1813.

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šŸŽ™ļø Latest on the Podcast

No matter how many leases you have, the transition to the new ASC 842 standards may be overwhelming. Lauren Bahr shares tips on how to survive the transition. Listen to the full episode here.
As a former restaurant owner, Demian Repucci shares his experiences in the commercial real estate, hospitality, and restaurant industries and how that led to the idea for Parslii. Listen to the full episode here.

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