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Why Retail Owners Are Focused on Service-Based Tenants

Retail owners should invest in service-based tenants for success, according to Michael Koss, owner and operator of the Malibu Country Mart.

Los Angeles Los Angeles

It is no secret that the retail market is undergoing a transformation, and just as retailers need to adapt to attract shoppers, retail property owners need to adapt as well. Successful retail owners are focusing on retail tenants that are resistant to Internet shopping. Michael Koss, owner and operator of the Malibu Country Mart, is bullish on service-based tenants to find success in retail.

“I am a strong believer in service based tenants because the internet will continue to erode sales of goods.  Services, however, will continue to be needed,” Koss, CEO and chairman of Koss Real Estate, tells GlobeSt.com. “People will always use restaurants and seek services like salons, massage, dance, exercise facilities and training, auto repair, and countless other desired and needed services.”

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Kelsi Maree Borland

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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