Redevelopment is almost 100% of what’s going on in retail real estate.
Today developers are selecting premier spots where they have access to customers, and that often means reusing existing retail locations.
E-commerce and changes in consumer behavior are driving retailers to spend more capital than ever to keep buyers interested. Omnichannel retail is key: using online sales to drive brick and mortar locations.
This content features Geoffrey Millerd, vice chairman with Newmark Knight Frank, and was filmed at NAIOP’s CRE.Converge 2018.