A lot has been written about the demise of retail.
In April, UBS projected that 100,000 brick-and-mortar stores could close permanently by 2025, as online sales capture 25% of total retail sales.
The Fall 2020 Retail Spotlight Report from Colliers International backs this general sentiment, saying that the need for physical stores is likely to continue its downward trend well into the latter part of 2020. This will force retailers to take a closer look at how much space they actually need.
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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.
