Two Los Angeles-based firms have joined forces to address the fundamental changes in the retail market. DEODATE Retail Strategies and Black//Brown have partnered to launch Diverse Demographic Retail Insights, a platform that will advise large institutional mall and shopping center owners, national retailers, and municipalities in diverse markets.

"Most large-scale shopping centers located in high-density primary markets were built and tenanted 10-30+ years ago when market demographics were very different than what they enjoy today," Rodrigo Gonzalez, CEO of DEODATE, tells GlobeSt.com. "The programming and tenant mix no longer speaks to the market demographics as they stand today. Institutional owners of retail centers have had a difficult time adjusting to diverse demographics that, while highly loyal to retail brands, also have different triggers that will propel them to visit and shop/consume at these centers."

The platform is unique in that it is providing solutions to current owners to adapt to the changes in the retail market. "We think there is a strategic white space in the real estate and retail sectors for dealing with the impact that Amazon and other commerce players have had on the industry," Charlie Echeverry, founder and managing director of Black//Brown, tells GlobeSt.com. "We don't see a solution set available that is truly looking to create retail experiences tailor-made for the changing American demographic landscape, and we are prepared to provide exactly that."