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Chicago, IL, Sept. 25, 2019 (GLOBE NEWSWIRE) -- CCIM Institute Chief Economist K.C. Conway, in partnership with the Alabama Center for Real Estate at the University of Alabama, released a special report entitled “Retail e-Volution: Predictions for 2025” that details five predictions for the future of retail real estate that debunk several primary myths behind the glut of bankruptcies and store closings in the past decade.
“This report is not another examination of retail’s demise, because quite the opposite is occurring,” says Conway. “With total retail sales increasing at an average annual rate in excess of 4.35 percent, this is a story of how retail will continue to grow and evolve, fueled by e-commerce, technology, logistics, and innovation.”
The report connects the dots of what’s happening in retail and what to expect by 2025, including:
Debunking Retail Myths
“Commercial real estate is experiencing one unprecedented change after another,” says 2019 CCIM Institute President Barbara Crane, CCIM. “Our chief economist’s insights and analyses continue to prove invaluable to our members and the industry at large.”
The full 3Q2019 report can be downloaded for free at www.ccim.com/insights.
About CCIM Institute
CCIM Institute created the language of global real estate investment. Our courses and worldwide community deploy commercial real estate investment methodologies and tools that speed the pathway between opportunity, a go/no-go decision, and success for an asset, taught by instructors who are themselves industry leaders. Today, the organization, through its 50-plus chapters, continues to innovate best practices and elevate the commercial real estate professional through its core designation program to earn the CCIM pin — real estate’s most coveted credential — and its topical education courses offered through the Ward Center for Real Estate Studies. In addition, membership in CCIM includes the industry’s best technology and operational platform, allowing entrepreneurial and mid-sized businesses to compete with the largest multinational providers. Today, almost 70 percent of designees hold the title of owner, partner, principal, or president, representing an exclusive worldwide referral network of 13,000 members in 30 countries. Ultimately, CCIM represents a larger vision of the commercial real estate provider, leveraging investment analysis, opinions of value, and underwriting to become a leader in sourcing capital, building a cash-flow vehicle, and ultimately creating value. Information at www.ccim.com.
About the Alabama Center for Real Estate
The Alabama Center for Real Estate is housed within the University of Alabama’s Culverhouse College of Business. ACRE is organized to provide national thought leadership and relevant resources in the areas of research, education, and outreach that enhance Alabama’s real estate industry. The heart of ACRE is advancing relationships by providing servant leadership with a passionate, adaptable, and humble spirit. It was established by legislative act in 1996 with the support and guidance of its founding partners, the Alabama REALTORS®, the Alabama Real Estate Commission, and the University of Alabama. For more information, visit acre.culverhouse.ua.edu.
Larry Guthrie CCIM Institute 3123214535 firstname.lastname@example.org