Consumers' preference for more convenient shopping options and those that can't be easily replicated online is likely to rise, according to a new report from Marcus & Millichap.
Unanchored strip centers are delivering on that demand today – a trend that is likely to continue.
These shopping areas are "in a position of strength amid a period of household budget tightening," according to the report. Part of the attraction is that they are typically located closer to consumers than larger centers and feature a diverse mix of tenants, said Marcus & Millichap.
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.
