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Before the pandemic, retail investors and developers were targeting daily-needs or ecommerce-resistant tenants. The category was broad, including everything from grocery stores to restaurants and pharmacies. After the pandemic, the same class of stores have become known as essential retail, and it has become a clear category.

“The pandemic highlighted the difference between essential and non-essential retail and, not surprisingly, the product type that emphasizes essential retail has fared much better,” Dan Villalpando, a partner at Cox, Castle & Nicholson, tells GlobeSt.com. “Businesses believed to be essential to daily life, such as grocers, home improvement stores, pharmacies, banks and gas stations, have generally been allowed to remain open, which is obviously the most critical component to turning a profit.”

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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.

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