It’s not shocking to hear that the onset of the pandemic at the start of 2020 has drastically affected the entirety of the commercial real estate market, some sectors positively, others not so much. Somewhere in the middle of that spectrum falls the retail sector, with niche sub-sectors showing vastly different evolutions throughout the year. … Continued
The face of traditional retail space has changed exponentially over the past couple decades, particularly since the introduction of e-commerce in 1991. The many transitions the retail sector is undergoing have led some to believe that brick-and-mortar retail is slowly becoming a thing of the past. However, there is plenty of evidence to the contrary. … Continued
Article by Spencer Kerrigan, Senior Associate, San Diego As we enter the holiday spending season, San Diego’s retail market remains strong. Westfield’s UTC mall is finishing up its first round of expansion and renovation. In October, Nordstrom is set to debut its new 145,000 square foot store at UTC, which is 15,000 square feet larger … Continued