Last July, long before thepandemic hit, coworking firm Industrious set up space at theScottsdale Fashion Square. Later it inked deals at other mallsaround the country.
Now that the pandemic hasaccelerated the problems in retail, Joe Brady, CEO Americas for TheInstant Group, a workspace innovation firm, thinks more of theseconversions could be on the horizon.
"If you think about closed Searsboxes, or what's going to happen with the Neiman Marcus space, theproblems in retail are front and center at the moment," Brady says."We're seeing this intersection between people wanting to work nearhome, and what's happening with some of the struggles in malls andin retail with the big boxes."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
