During the e-commerce surge in the pandemic, with millions of shoppers making their necessity purchases online from home, we heard the term “retail apocalypse” used by some observers who thought they were witnessing the beginning of the end of traditional brick-and-mortar retailers.
Now, while other CRE sectors are grappling with plunging property values, rising vacancy rates, or new supply that can’t be absorbed by lagging demand, open-air shopping centers are on the cusp of what investors are calling a “retail renaissance.”
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