If work from home takes hold after the pandemic, it could force retailers to make adjustments.
In New York, Annette Healey, executive vice president, CBRE, says some of the "big beauty players" are establishing more neighborhood stores to move closer to customers. Whether it's a three-month experiment of a pop-up store or something else, retailers want to move closer to customers. She says landlords are increasingly amenable to these strategies.
Still, there will be a use for a flagship store. "I do think we're going to see much more of this sort of flagship in a daytime population environment where hopefully tourists will eventually come back," Healey said on CBRE's "The Weekly Take" podcast.
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© 2024 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.
