Breck DeHart

RETAIL development, acquisitions & operations

[Breck DeHart @BreckRetailDev]

I started my CRE career in the office world (first 3.5 yrs). Since jumping into retail development (3.5 yrs in) I firmly believe RETAIL has TRUE competitive drivers that benefit strategy and intentionality. Here is why:

1. Value is more "real" (pun intended)... Retail, in nature, has TRUE value within your project (better location, traffic volume, access, visibility, co-tenancy / anchors, etc...)

2. Better tenant sales (likely) = better LL returns

3. Retail grows wide and rapidly... Retail tenants area national and regional... this leads to national and regional connections (larger network and pool)

4. Quality matters... Tenants demand quality and will pay a (relative) premium for quality. Develop quality efficiently and you build relationships

5. Data matters... data drives rents and ultimately disposition prices.

PLEASE ADD YOUR THOUGHTS! There are plenty more value driven items to add.

#retwit #cre #retail #commercialrealestate #data #retailer

[Breck DeHart @BreckRetailDev]

@molzer Dang, son. 60mg?!

[Breck DeHart @BreckRetailDev]

@seandsweeney @molzer

[Breck DeHart @BreckRetailDev]

@sweatystartup Cabot Citrus Farms! Just under 7hr

[Breck DeHart @BreckRetailDev]

@NNNIncome Purrrrty

[Breck DeHart @BreckRetailDev]

@NNNIncome

[Breck DeHart @BreckRetailDev]

@michaelwatson2 Delta one pods or bust haha

[Breck DeHart @BreckRetailDev]

@crekdawg Daycares

[Breck DeHart @BreckRetailDev]

@NNNIncome

[Breck DeHart @BreckRetailDev]

@CoyDavidsonCRE I got you next time you're visiting @kenashley in Atlanta.

[Breck DeHart @BreckRetailDev]

@jen_keesmaat @JonnyBird

[Breck DeHart @BreckRetailDev]

@JTMartingCRE Video walkthroughs are extremely helpful. Thank you

[Breck DeHart @BreckRetailDev]

@michaelwatson2 @gas_biz You're also at the most expensive gas station in the entire city hahaha

[Breck DeHart @BreckRetailDev]

@TripleNetInvest Music to @kenashley 's ears

[Breck DeHart @BreckRetailDev]

@HottleJared @NNNIncome @TeamHerrold @TyMiller_CRE @jandreini1

[Breck DeHart @BreckRetailDev]

@CoyDavidsonCRE @jandreini1 Agreed! Silent killer.

[Breck DeHart @BreckRetailDev]

@KevinMoss216 @KevinMoss216 2016 falcons :(

[Real Estate Rookie @JTMartingCRE]

The story of @BreckRetailDev and how he timed the office market perfectly!

[Breck DeHart @BreckRetailDev]

@PeterLBlock I do, in and around my neighborhood.

Other areas in Atlanta, not AS much.

How about you?

[Breck DeHart @BreckRetailDev]

Let's talk #restaurants:

According to Yelp, there was a substantial increase in openings in the F&B sectors. Here are 3 data points:

1. 53,793 NEW restaurant openings in 2023, up 10% from 2022.

2. Openings in the "nightlife" category rose 11% y-o-y.

3. Food businesses (food trucks, juice bars, brewpubs) increased 16% y-o-y.

In addition, Yelp's study indicates EVERY state surpassed pre-pandemic business openings for the first time since COVID (year marker 2019).

#cre #retail #restaurant #retailrealestate #restaurantindustry #restaurantbusiness #retwit #crex

all information pulled from a @CBRE study.