The current disruption in the retail market aside, restaurant and entertainment tenants have become the pillars of the retail sector—in many cases replacing traditional anchor tenants. This is no short-term trend, but rather a fundamental shift in the retail market and the way that consumers use brick-and-mortar retail today.
"Restaurant and entertainment companies will continue to be active because people want to eat and people want to be entertained," Chris Wilson, head of national retail agency leasing and EVP at JLL, tells GlobeSt.com. "These aspects have always been part of the mix, but are increasing in importance as the experience economy continues to gain momentum. I also think that we will see other sectors like health and wellness and fitness concepts continue to take market share as landlords look to provide shoppers with the amenities they are looking for."
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