MIAMI—From hybrid retailers and lifestyle entertainment centers to urbanization and the Internet-of-things, today's retail landscape is undoubtedly evolving and complex. That's according to Andy Misiaveg, partner, Carolinas Division, The Shopping Center Group.

“Brick-and-mortar retailers are expanding online and capitalizing on omni-channeling while online retailers are adding bricks to their clicks with physical stores,” Mislaveg tells GlobeSt.com. “Adding more fuel to the retail real estate evolution—and confusion—are the general population's changing demographic profile, shifting household formation patterns, as well as divergent generational groups with decidedly different outlooks on life, lifestyle, dining and shopping.”

As a result, he says, new trends are emerging. First, the “last mile” distribution centers are becoming a pivot point for delivering goods. Second, quality “on-market” space is becoming harder to find. Next, urbanization has left Main Street in the rear view with sights set on high-street and experiential lifestyle/entertainment centers.