chi-Exterior Rendering (2)

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.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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.