Introduction to Savills’ Retail Advisory Platform
In a significant move to enhance its footprint in the American real estate industry, Savills has launched a U.S. Retail Advisory Services platform. This new initiative, guided by President Todd Siegel, aims to capitalize on the dynamism of the U.S. retail market. With extensive experience in retail strategy, Siegel will lead a team that combines local knowledge with global expertise.
The Vision Behind the Launch
Savills aims to operate not just as a brokerage but as a boutique consultancy that emphasizes personalized service backed by a powerful international network. The platform will focus on urban core properties, particularly in prime luxury markets like New York City and Los Angeles, ensuring that clients receive tailored advice that aligns with their unique business strategies.
Comprehensive Experience Driving Growth
The team assembled by Siegel brings decades of diverse experience—from managing high-profile tenants like Eataly and Starbucks to advising on prestigious properties like Willis Tower. Their collective background ensures clients benefit from a rich blend of strategic insights and operational expertise, a unique value proposition in the competitive landscape of retail real estate.
Market Trends and Strategic Focus
Amidst a surge in luxury retail space openings across the U.S., with a notable 65% increase year-over-year as reported by the International Council of Shopping Centers, Savills is strategically positioning its new service to meet the demands of an evolving marketplace. Focused on high-street luxury and Class A retail, the new platform aims to assist landlords and retailers in navigating this vibrant retail environment effectively.
Conclusion: The Future of Retail Advisory
With its new Retail Advisory Services, Savills is set to redefine expectations in American retail real estate. As consumers' preferences shift and the retail landscape evolves, having a partner like Savills—equipped with global insights and local precision—will be invaluable for businesses looking to thrive. This launch not only reinforces Savills' commitment to the U.S. market but also exemplifies its innovative approach to client engagement in retail.
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