LAS VEGAS—Post pandemic, the retail landscape underwent a profound transformation. As businesses adapted to the new normal, a notable trend emerged: a renewed focus on proximity to the consumer. This shift, outlined by Ryan Moore, CEO and Co-Founder of Last Mile Investments, propelled retailers and non-traditional businesses alike to reevaluate their strategies, particularly in terms of location.
Gone were the days of traditional retail hubs drawing in crowds solely based on their brand or product offerings. With hybrid work schedules becoming increasingly prevalent, businesses began to recognize the importance of being close not only to where consumers live but also where they work.
This realization, according to Moore, sparked a renaissance in "unanchored". Situated strategically in suburban locales along bustling thoroughfares, these centers boasted convenience and high visibility, attracting both retailers and consumers alike, Moore tells GlobeSt.com.
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