Aug
16
Running Toward Retail: Banking on the Lasting Appeal of Downtowns
ByThe in-person shopping experience can thrive in revitalized core districts, representing a potential goldmine for small business tenants with strong customer relationships.
While media analysts wring their hands over the impending death of brick-and-mortar retail stores, maverick investors are seizing the opportunity to reinvigorate the downtown shopping experience. This long-range strategy includes aggressively expanding real estate portfolios in carefully targeted markets to create attractive destination neighborhoods filled with successful local businesses.
Of course, the retail paradigm is shifting, but people will still leave their computers at home for a positive experience in their communities. The goal of downtown property owners should be the creation of an exciting neighborhood atmosphere that draws people out…
Running Toward Retail: Banking on the Lasting Appeal of Downtowns
