For many in the commercial real estate industry, 2017 was the year of the “Retail Apocalypse."
The shuttering of numerous department store chains and the decline of suburban shopping malls caused experts to question the future of brick-and-mortar retail. The continued rise of e-commerce redefined shopping paradigms: Consumers now prefer experiences over items they can easily buy online.
Rather than accept their fate, property owners have an opportunity to reprogram retail spaces with stores and activities that draw shoppers into their centers and keep them there.
Bisnow partnered with KeyBank to discuss current retail trends and show how smart CRE professionals can adapt their retail properties to the current landscape.
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