Findings in 2nd Quarter Southeast US Market Report Revealing, Available Online
TAMPA, Fla. (August 15, 2016) — Crossman & Company, one of the Southeast’s largest retail leasing, property management, and investment sales firms, has just released its much anticipated 2nd Quarter 2016 Southeast US Market Report Update, The Evolution of Retail Banking.
“The second quarter focus is an assessment of national analytical data that reflects staffing, size, expansion, acquisitions, regulation and the increasing impact of financial technology on retail banking,” said Crossman & Company President John Crossman, CCIM, CRX.
The insightful six-page report analyzes retail banking’s past, present and most importantly future. Crossman & Company interviewed executives from financial institutions representing a broad range of sizes and markets. Bankers interviewed represented more than 7,100 branches and $1.16 trillion in deposits across the U.S. The update shares their feedback.
“In many ways banking is a leading indicator for other categories in the retail world,” added Crossman. “Other players see them winning market share by offering a better customer experience through new channels and products. We are not predicting that the essential foundation of trust and value as source of finance, and facilitator of transactions is about to drastically change.”
However, Crossman & Company’s report outlines how significantly the landscape will change in response to the evolving forces of consumer expectations, regulatory requirements, technology, demographics, new competitors, and ever shifting socio-economics. The report demonstrates how retail banking is extremely useful as a metaphorical “canary in the coal mine” because it sits squarely at the intersection of dynamic and seemingly opposing forces:
• Global financial crises are shifting long-standing interest rates and investment strategies.
• Changes in governmental legislation and regulatory pressures are having a profound effect on the industry.
• Technological advances or “FinTech” are enabling customers to have mobile transactional access to their bank.
• Shifts in the size and demographic make-up of consumers are creating new expectations of service and value.
Crossman & Company is a premier real estate firm with offices in Atlanta, Ga., Orlando, Tampa and Miami, Boca Raton, Fla. focused on serving retail landlords exclusively throughout Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. Founded in 1990, Crossman & Company has built an ever-growing retail portfolio in excess of 340 properties and 25 million square feet.
For a copy of the new 2nd Quarter 2016 Southeast US Market Report Update, The Evolution of Retail Banking visit www.crossmanco.com.
About Crossman & Company
Crossman & Company is the premier real estate firm focused on serving retail landlords exclusively throughout the Southeast – with offices in Atlanta, Boca Raton, Miami and Orlando – representing more than 340 shopping centers and 25 million square feet in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. The company was founded in 1990 with the goal of providing exemplary service to our clients around four core values: Maintain enthusiastically satisfied clients; Demonstrate servant leadership; Practice kindness, openness and humility; and Develop new talent. For more information, visit the company’s website at www.crossmanco.com.