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Frequently Asked Questions
When benefits does Occupi offer retailers?Global access to vacant space in any location Global Business Development Reduced Complexity in Global Expansion Direct access to landlords and internal leasing teams Increased awareness Low-Pressure
What benefits does Occupi offer Retail Landlords?High Quality Activation of Space Reduction in costs Increase occupancy Improved diversification Improved processing speed Faster Acquisition of High Quality Leads Increased Turnover and therefore improved asset valuation
How does Occupi support clients?Supporting our clients in creating meaningful and memorable personalised customer experiences across all channels and types, core and non-core,digital and physical.We optimise leasing, drive speed and efficiency of process, whilst improving diversity and increasing occupancy. Our platform is becoming the global hub for retail space activation, whilst reducing costs and increasing income, all grounded in the P&L and financialstrength of the business.
What is the forecast for US Markets?With over 911 million square feet of mall leasable retail space in America, plus another 698 million sq ft of strip mall space, it has the highest density of retail space per capita in the world. Discounting high street space, there is currently 133 million sq ft of vacant space in the US. Whilst the US has bounced back stronger than the UK and European retail market, the challenges of increased vacancy rates, higher churn, reduced lease terms and changing consumer demand is equally true of America, as it is in Europe. Occupi is changing the way that leasing is transacted globally and disrupting an outdated model that is no longer fit for purpose. Our free to register platform is as simple as it is brilliant, driving top to bottom efficiencies, offering both retailers and landlords a digital ecosystem on which to post vacancies and transact deals in hours rather than weeks or months. Occupi is not a listing site, it is a full brokerage with prequalified tenants that have global access to vacant space. On this basis we can warp-speed cross border development of exciting and unique brands, on short and long-term deals. We offer global visibility of both space and space users, employing technology in order to digitize a horse and cart system that is no longer fit for purpose.
What is the forecast for the GCC region?The GCC is the perfect proving ground for Occupi, as we work with a leading regional mall owner and operator to Beta test the model. The population of the Middle East and North Africa (MENA) region is estimated to be around 381 million people. The Gulf Cooperation Council (GCC) consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE), a common market of more than 57 million people combined, with the UAE population standing at almost 10 million. Prior to the COVID-19 pandemic, the GCC ecommerce market was expected to increase to $17.4 billion by 2020, an increase of 52% over 2019. Prior to the COVID-19 pandemic, the GCC retail market was expected to grow 4% annually to $308 billion by 2023. The average retail vacancy rate in the UAE has reduced to 18% from the COVID high of 20%* KPMG Real Estate 2021 The UAE currently has 58 million sq ft of retail space, with another 18% under construction, due for delivery by 2024. With current retail vacant space of 10.4 million sq ft, a new approach to leasing has to be adopted.
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