CHICAGO—The rise of e-commerce, along with the shutdown of manystoried names from the retail world, has prompted many to askwhether or not the sky is falling in the sector. Although no onewould dismiss the seriousness of the internet's challenge tobrick-and-mortar stores, there are a number of signs which showretail is just in a tough transition, rather than a meltdown.
“Everyone is trying to figure out what it's going to look like,”Sean R. Sharko, senior vice president,investments, Marcus & Millichap, tellsGlobeSt.com. In the meantime, Chicago-area developers and lendershave slowed the pace of construction, and only launched newprojects in the best locations and with promising concepts.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
