Renaissance MarketplaceRenaissance Marketplace

The social distancing of the last few weeks have taken a toll onretailers. But once that ends, the sector will focus even morestrongly on the importance of internet-resistant tenants. Thisinclude experiential retailers, like restaurants and entertainmentvenues, and daily needs retailers, like grocery stores and drycleaners. But, according to Greg Lyon ofNadel Architecture + Planning, retail ownersshould be focused on the environment.

"The environment is the anchor in today's retail experience,"Lyon, principal and design director at Nadel, tells GlobeSt.com."There is always a disruptor in retail, and today it is ecommerceand online shopping. As a result, retail owners are trying toincrease visitation and length-of-stay for shoppers on site. You dothat be treating the environment as a place where people are goingto hang out. Regardless of how retail changes, we are always goingto need that place. It is part of our culture and part of oursocieties. As an industry, we need to be less fixated on theline-up of tenants and more focused on the environment for thecommunity."

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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.