The Retail Issue | Marcus & Millichap Retail Trends: Mapping The Changes In Retail

Since 1971, Marcus & Millichap has provided the commercial real estate industry with a multitude of investment services. As a leader in the private client market segment, which comprises approximately 80 percent of all commercial property sales, Marcus & Millichap is the nation’s most active commercial real estate firm focused on brokerage and financing. The firm’s industry-leading Net Leased Properties Group and National Retail Group are major influencers in the retail commercial property sector. Scott M. Holmes, Marcus & Millichap senior vice president and national director, retail leads both divisions.

The retail sector has undertaken a dramatic transformation to better compete in the digital age. Retail businesses are leveraging their core strengths while bolstering online systems and capabilities to seamlessly integrate the convenience of e-commerce with in-store expertise at brick-and-mortar locations. This offers customers a multi-dimensional platform that makes shopping a more diverse experience. Concepts like in-store pickup and home delivery have been popularized by the blending of physical and online retail, offering consumers a combination of shopping channels. While the internet has historically struggled to find its place within physical retail, new omnichannel integration is helping them mesh, creating new opportunities.