Shopping center owners are exploring creative solutions to evolving retail market
“The two most commonly cited challenges facing retail, including shopping centers, are technology and an increase in dark big box space. Although they act as impediments to traditional investment strategies, creative operators can take advantage of the changing market. It should be noted that these trends are unlikely to disappear in the near future, so investment strategies need to account for additional closures and advancements in technology. As a result, traditional investment will diverge into experience-based and hyper convenience, while value-add will require redefining shopping centers.