Last July, long before the pandemic hit, coworking firm Industrious set up space at the Scottsdale Fashion Square. Later it inked deals at other malls around the country.
Now that the pandemic has accelerated the problems in retail, Joe Brady, CEO Americas for The Instant Group, a workspace innovation firm, thinks more of these conversions could be on the horizon.
"If you think about closed Sears boxes, or what's going to happen with the Neiman Marcus space, the problems in retail are front and center at the moment," Brady says. "We're seeing this intersection between people wanting to work near home, and what's happening with some of the struggles in malls and in retail with the big boxes."
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
