Search
 

Retailers Rethink Existing Lease Arrangements

NEW YORK CITY—Gene Spiegelman, vice chairman and head of North America Retail Services for Cushman & Wakefield says that traditional stores will ultimately prove to be the best form of distribution.

By Natalie Dolce | Updated on October 14, 2015

“Big box stores are turning from the suburbs and toward city centers, but in searching for suitable urban space, they must often contend with cumbersome permit processes, municipal approvals, and, in some cases, issues relating to historic building designations.” That is according to Gene Spiegelman, vice chairman and head of North America Retail Services for Cushman & Wakefield, who recently chatted with GlobeSt.com about where retail stands today, noting that retailers have been forced to rethink their existing leasing arrangements.

Those retailers are also forced to reconsider how to get their products to market in an urban environment, leading many to implement vertical distribution strategies, he says. “In particular, this is where we see the ever-merging concept of ‘bricks & clicks’ as consumers utilize the physical space as a showroom to explore the tangible world not available in cyberspace.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.