Retailers in the United States are defying historic lows in retail space availability by planning to launch 1,000 new stores this year, underscoring the sector’s resilience amid commercial real estate challenges. Despite factors like inflation, elevated interest...
It comes as no surprise that consumer behavior changed substantially over the past two years. For example, the rise of omnichannel, shifts towards hybrid work, the growth of leisure activities, and increased economic uncertainty all contributed to rapid and...
Malls were amongst the hardest hit retail sectors during the peak of the pandemic. Traditional indoor malls were closed due to stay-at-home orders, and rent collections from tenants seized entirely. Anchor tenants, such as JCPenney and Nieman Marcus, filed for...
