The retail industry has been under siege for the last decade. From the adoption of online shopping to the pandemic, retailers have had to continually adapt. Outsourcing real estate-related functions has become a common way for retailers to remain flexible and respond to new consumer demands.

“Before COVID-19, the outsourcing of real estate functions was already a growing trend for retailers, because it provides immediate scalability and agility in an industry known for pivoting quickly,” Michael Mason, executive managing director at Newmark and head of the company’s retail occupier services practice group, tells GlobeSt.com. “The pandemic underscored the need for many retailers to evaluate their organizational structures and portfolios and assess if they are positioned to handle the dramatic change required to meet new consumer behavior. For many retailers, this brought the realization that they need more resources, and outsourcing has been a common answer.”

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

*May exclude premium content
Already have an account?

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.

More from this author

 

GlobeSt

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 © 2022 ALM Global, LLC. All Rights Reserved.