The pandemic might have receded, but the shopping center trends it helped to create continue to spread across the country, according to grocery-anchored shopping center owner Phillips Edison & Co. (PECO).
The firm shared its viewpoints on trends taking shape in 2022 such as suburbanization, proximity to its consumers, the medtail aspects of health care centers, open-air retail, grab-and-go and even a futuristic nod to Web 3.0. as part of the ICSC show this week in Las Vegas.
Retailers are evolving and shifting their real estate strategies to focus on suburban expansion, meeting rising consumer demand, as these areas continue to see strong population growth across the country, PECO said in a release.
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.
