Instant Insights / Retail

A look at the top news and features in retail.


Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Big box retail closures, which continued to strike through 2018, will create opportunities in the coming year. Toys R Us, among others, have shuttered this year, but rather than panic about the increased space, the market is instead embracing opportunities to transition those spaces into more consumer-friendly retail experiences, like movie theaters and restaurants, or into different, higher and better-use asset classes, like multifamily.

“Big box closures are inevitable and they were no more numerous in 2018 than in past years. They had very little impact other than to create opportunities for retailers and developers,” Gary A. Glick, a partner at Cox, Castle & Nicholson, tells GlobeSt.com. “Despite the closures, retail sales increased significantly in the last quarter of 2018 versus 2017. Big box vacancies are creating numerous opportunities for other retailers to pick up choice locations in vibrant shopping centers. This is true for the Toys ‘R Us locations. With respect to department store closures, developers are presented with opportunities to re-purpose their centers with theatres, restaurants, medical or multi-family uses.  With so little new retail construction, these spaces will be filled up or re-purposed quickly.”

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

Once you are an ALM digital member, you’ll receive:

  • 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance writer and editor living in Los Angeles whose work has appeared in such publications as Travel + Leisure, Angeleno and Los Angeles Magazine.

More from this author

GlobeSt. NET LEASE 2020Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.