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Retail Real Estate in the 21st Century: Information Technology + Time Consciousness + Unintelligent Stores = Intelligent Shopping? NOT!

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Abstract

The confluence of demographic forces, technological advances, and aggressive retailer strategies are transforming retailing and concurrently introducing a new paradigm for the physical space that supports retailing activities. Over the last several decades retail patterns have evolved markedly, yet many retail properties are generally ill equipped to respond to dynamic change. A proliferation of substitute commodities, embracing a plethora of innovative retailing concepts and technological advances, is redefining the retailing process and the physical settings in which retailing occurs. In this paper important trends and issues redefining the retailing process are identified, their sources and consequences explored, and the strategic issues that merit consideration by those involved in retail real estate are noted.

Suggested Citation

  • Stephen E. Roulac, 1994. "Retail Real Estate in the 21st Century: Information Technology + Time Consciousness + Unintelligent Stores = Intelligent Shopping? NOT!," Journal of Real Estate Research, American Real Estate Society, vol. 9(1), pages 125-150.
    • Handle: RePEc:jre:issued:v:9:n:1:1994:p:125-150
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    References listed on IDEAS

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    1. G. Stacy Sirmans & C.F. Sirmans & John D. Benjamin, 1990. "Rental Concessions and Property Values," Journal of Real Estate Research, American Real Estate Society, vol. 5(1), pages 141-152.
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    Cited by:

    1. John Benjamin & G. Donald Jud & Daniel T. Winkler, 1998. "A Simultaneous Model and Empirical Test of the Demand and Supply of Retail Space," Journal of Real Estate Research, American Real Estate Society, vol. 16(1), pages 1-14.
    2. Virginia A Gibson & Richard Barkham, 2001. "Corporate Real Estate Management in the Retail Sector: Investigation of Current Strategy and Structure," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 107-128.
    3. Stephen E. Roulac, 1999. "Real Estate Value Chain Connections: Tangible and Transparent," Journal of Real Estate Research, American Real Estate Society, vol. 17(3), pages 387-404.

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    More about this item

    JEL classification:

    • L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services

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