Retail Recovery - 2021

5 key takeaways for post-COVID retail real estate

December 06, 2021
  • James Cook
  • Keisha Virtue

March 2020 brought the greatest upheaval to the retail industry we’ve seen. Non-essential retailers lost significant revenue and many – particularly restaurants and apparel stores – were forced to file bankruptcy and close hundreds of stores. More than a year-and-a-half later, with vaccines and a greater understanding of COVID transmission, economic and retail fundamentals have steadily been improving.

As retail real estate recovery gains steam, there are 5 key takeaways we noted:

5 key post-COVID retail takeaways

  1. Retailers eye the Sunbelt and the suburbs
  2. Open air centers are retail’s strongest asset
  3. Good malls are here to stay 
  4. ECommerce found a new plateau
  5. Urban retail will return with office workers and tourists... but it will take time

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