Welcome to a new world of retail, where tenants entering the market bring innovative and often high-tech experiences to consumers. Many are focusing on the high and low ends of fashion as well as niche consumer lifestyles.
Bringing an experience
Despite claims that e-commerce will overtake traditional retail sales, physical retail space remains not only relevant, but attractive. Retailers plan to open approximately 76,545 stores in the next 24 months, according to RBC Capital Markets. And while several major closings were announced early this year, many others are stepping up expansion plans and taking advantage of vacant spaces in strategic locations. The last several years have been a steady stream of new stores and concepts in the retail space.… Read More