Office landlords are increasingly willing to invest in and collaborate with local retailers, making upfront investments to sustain the space and bolster the overall building environment, according to a new report from Colliers.
This is vital for all parties, including jurisdictions with the capability of converting some space to residential, which could ease demand for affordable housing while enhancing the area's livability.
The symbiotic relationship between the office and retail sectors emerges as critical in driving long-term growth, Colliers said.
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