The Future of Retail: Malls Are Dying, E-Commerce Is Thriving

Описание: In this video, we'll dive into the resurgence of the retail sector and its implications for investors and businesses. Despite the pandemic's impact on prime retail districts across the US, street retail has been experiencing a strong recovery. By the third quarter, it is projected to fully recover and even surpass pre-pandemic levels by 2025. This has significant implications for both renters and property owners.

According to CBRE's recent report, foot traffic in 10 prime trade areas reached 81% of 2019 levels by Q4 2023. The return of foreign tourism plays a role in this recovery, with European tourism at 92% and Asian tourism at 72% of pre-pandemic levels as of February. Demand for prime retail space in high street districts remains strong but selective.

One interesting aspect is how retailers are adapting to the current Omni Channel environment where physical stores and e-commerce support each other rather than compete. In fact, Forester reports that opening a store can increase digital sales by almost 7%, while closing one can decrease them by 11.5%. It's clear that there is a co-evolution solution happening between physical stores and e-commerce.

Join us as we explore these trends further and discuss strategies you can use to navigate this changing landscape in the retail property sector. Don't miss out! #retail #RetailPropertySector #retailrealestate #commercialrealestate #InvestmentOpportunities