Before the pandemic, experiential retail was all the rage. Landlords were looking for e-commerce-resistant concepts that would draw people out of their homes and to their centers. The COVID shut everything down.
"Experiential was, between casual dining, Dave and Buster's or Chuck E Cheese, definitely impacted the most by COVID," says Randy Blankstein, president of The Boulder Group. The good news is that investors found other e-commerce related sectors in growth mode during the pandemic, specifically collision centers.
"The auto parts sector, servicing and collision are very much e-commerce resistant," Blankstein says. "They did very well during COVID in the last year."
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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.
