The Retail Sector is Evolving
Why would stores like Walmart try to find space directly in the heart of major cities? Why would Cabela’s move into a mall? How is the Internet constantly changing the retail landscape?
These questions point to the fact that the retail sector in commercial real estate is evolving, and there are several factors driving that evolution in both the sales and leasing areas.
Three CBC retail experts and the Coldwell Banker Commercial brand President and COO, Fred Schmidt give their thoughts on the Retail sector.
- Smart retailers achieve success by combining traditional stores with e-commerce.
- The “big box” chains desire to move closer to their customers in both urban and rural markets.
- Mall operators adapt by seeking to fill space with “non-traditional” tenants.
- Triple net lease investments are in high demand.