Retail
The retail sector in commercial real estate includes properties for businesses that serve customers directly, such as shopping centers, standalone stores, malls, and mixed-use developments. While e-commerce has grown, physical retail spaces are still important as they adapt to changing customer needs and offer experiences that attract people. Successful retail properties are usually located in busy, easy-to-reach areas with good visibility and nearby businesses.
New trends in the industry include experiential retail, pop-up shops, and combining retail with dining, entertainment, and wellness services to create destinations. For landlords and investors, retail properties offer long-term leases and a steady flow of customers. Despite challenges from changing shopping habits, well-located and well-managed retail spaces continue to thrive and play an important role in local economies.