Retail

Meanwhile, net absorption of retail space last quarter totaled 30.2 million square feet, hitting the highest level since Q4 2017.

While redeveloping historic properties can be challenging, broader benefits can make adaptive reuse an attractive option for developers, investors, and/or occupiers to differentiate their brands, demonstrate ESG priorities, and leverage unique financing opportunities.

Consumers are looking for an integrated, community-forward experience, and designers are leaning on artwork to create a meaningful connection.

Returns require up to 20% more space and labor than order fulfillment.

The double lot on the 300 block of Rodeo Drive is home to Rolex, Patek Philippe, Ferrari and a former boutique hotel.

Granada Shoppes, a 307,000-square-foot retail center in Naples, FL, has been acquired by Brixmor Property Group.