The changing face of retail
Retail has been one of the more vulnerable asset classes during the pandemic crisis. Landlords and tenants are facing some unprecedented challenges and legalities, with the closures of many retail stores, restaurants and shopping centers. Essential retailers look to be at an advantage, while many other retailers quickly transitioned online to keep businesses afloat.
As consumer confidence dwindles and discretionary spending weakens, shopping centers may be faced with considering a different tenant offering or adjusting the way space is used. Perhaps non-traditional retail or non-retail tenants will fill vacant space, or repurposing spaces entirely as some retailers exit their centers and others adapt to changing consumer behaviors. All of these changes come with their own set of opportunities and challenges for investors, owners, operators and tenants.
With our deep experience in the retail sector – including valuations, tax and property development, we can help facilitate this transition into the future. Explore our experience and check out our latest research and insights. We can help.
Article | The Tipping Point: Did retail’s response to trends increase the risk we face today?
By: Patrick Broome, CMI, Vice President – Property Tax | Jeremy Chitlik, Senior Director – Property Tax | Andrea McKinnon, Director – Property Tax
Published: April 2020
How we got here and what transformations will we see.
For more than a decade, the retail industry has anticipated a “tipping point” that would create a permanent shift in the way it operates. The signs were unmistakable and experts knew it was inevitable, but no one knew what that trigger might be. Until now.
That trigger appears to be the novel coronavirus — a singular event so large and destructive that its impact will reverberate through every corner of the retail industry. In this article we explore how the retail industry’s trends over the last ten years create both advantages and disadvantages as we face COVID-19.
Personal property tax consulting, filing methodology review for construction in process, research on tax exemptions
Real and personal property consulting, obsolescence, adjusting cost basis, market approach, assessor negotiations, appeal work
Beverage manufacturer & distributor
Personal property tax consulting, obsolescence, adjusted cost basis, unrecorded disposals
Exploring retail in the pandemic economy
Jul 31, 2020
Property values, adaptive reuse, and parking lots
They paved paradise: appraising a parking lot
Jul 23, 2020
This article will use a mini case study of an appraisal of an airport parking lot to illustrate how this particular valuation problem might be solved.
Unclaimed property update: potential impacts of the great lockdown recession
Jun 17, 2020
Are there opportunities for organizations to benefit from unclaimed property during this crisis? What actions might the states take and what will this mean for businesses?
5 Myths vs. Facts: reporting inventory on your personal property tax return
Apr 27, 2020
Do you handle market value, supplies versus inventory, and annual reporting correctly?
Through the Looking-Glass: Debunking the “Dark Store” Idiom
Mar 17, 2020
This article addresses some of the misunderstanding and mischaracterization around fundamental appraisal terms and methodology.
South Dakota vs. Wayfair Implications: Texas Comptroller’s proposed changes
Feb 13, 2020
Texas Comptroller’s Proposed Changes to Local Sales Tax Rule 3.334
PODCAST: Peterson Companies and the Impact of Commercial Real Estate Taxes on Retail Development
Jan 18, 2017
Why won’t the Tennessee reappraisal reflect current market conditions?
Oct 1, 2020
Understanding the value cap.
Altus Group unclaimed property team’s conversation with Kim Micha, VDA Administrator Delaware Department of State
Oct 13, 2020
A Q&A with our Unclaimed Property experts and Kim Micha, VDA Administrator Delaware Departments of State
Delaware unclaimed property audit notices mailed
Dec 8, 2020
The Delaware DE DOF have recently mailed a round of unclaimed property audit notices to US companies incorporated in Delaware.
Delaware – The First State of Unclaimed Property
Feb 10, 2021
Delaware has announced the first VDA letters of 2021 will be mailed on 19th.
Events & Webinars
On-demand | Unclaimed property: mergers and acquisitions
May 20, 2020
In this webinar, we'll cover the steps a holder should consider during and after the due diligence stage of an acquisition.
Valuing in turbulent times | Global panel discussion
April 13, 2020
Hear our valuation professionals from around the globe share their perspectives on valuing in turbulent times, and what they are seeing and hearing in the wake of COVID-19
On-demand | Unclaimed property: information gathering and record retention
March 11, 2020
The key to a successful review of your unclaimed property liability lies in the process of information gathering and record retention policies.
On-demand webinar | Personal property tax inventory reporting
October 29, 2019
Watch this webinar to understand the many factors to consider when working with thousands of taxing jurisdictions in the U.S.
On-demand webinar | The shift in retail
October 9, 2019
A look at the evolution of retail trends in Canada and the impact on mixed-use redevelopment, investment valuation trends, property taxes, and more.
On-demand webinar | Personal property tax proactive compliance: it’s not just reporting and paying
October 30, 2018
Most companies pay more tax than they should. Learn how your assessments are derived and new tax savings strategies you can implement.
On-demand webinar | The best defense: Protecting yourself against personal property tax audits
August 7, 2018
During this webinar, we will discuss best practices for effectively handling a personal property audit to ensure compliance and minimize exposure.
On-demand webinar | Sales & use tax fundamentals: Wayfair Supreme Court ruling: South Dakota vs. Wayfair et, al.
July 26, 2018
This webinar will give a recap of the physical presence nexus standard and events leading up to Wayfair and analysis of the South Dakota vs Wayfair ruling.
Contact a qualified expert
Our multi-disciplinary team of professionals brings a wealth of industry experience and unparalleled data-driven insights, providing the clarity you need to make informed decisions.
Distressed assets & workout solutions
Identify red flags and ensure workouts save you money, time and relationships with borrowers.
Distressed development & workout solutions
Clarity on project viability for lenders, developers, trades and court-appointed trustees, monitors, receivers & managers
Financial due diligence
The financial insight and transparency you need to avoid misinformed acquisitions.
Location & incentive strategies
Maximize the value of incentives to your organization through the expertise of a multi-disciplined team of site selection, financial and tax experts.
Real property tax
Improve your real estate’s bottom line with technology-enabled real estate property tax services combined with national and local coverage.
Recover overpaid taxes, reduce tax liabilities and minimize future exposure by working with our sales and use tax experts