Retail Developers Will Spend 2021 Adapting to the New Market

The pandemic forced retailers and retail owners to adapt quickly. These changes were different than adjusting business models to meet new online shopping trends, as was the case for the years leading up to the pandemic. Instead, retailers needed to adapt physical spaces to accommodate social distancing and health-and-safety requirements. 2021 will be more of the same, with retail and retail owners forces to focus on adaptation to stay alive.

“Retail developers will continue to be forced to adapt, by working with their tenants to keep them open and improving their projects to deal with whatever the future brings,” Dan Villalpando, a partner at Cox, Castle & Nicholson, tells GlobeSt.com. “After all, none of us could have predicted what happened in 2020. Isn’t it safe to say the same thing about 2021?”