The ‘winds of change’ have always been strong in the retail sector…
For example, when supermarkets arrived on the scene more than 50 years ago they drove many of the corner shops that had dominated the market until then out of business. High street retailers have seen many trends come and go since then, yet they remain as popular as ever in the sought-after city centre locations.
Although e-commerce and, more recently, COVID-19 have been associated with some major changes and challenges, it has also become very clear that brick-and-mortar stores will continue to be a very important part of the retail sector, outside the digital and virtual world, most of all because shopping is an irreplaceable social and recreational event. The retail world is constantly changing and adapting. That’s why professionals who can get the best out of every property are a must: whether you want to lease a unit to a retailer with a new and sustainable retail concept, reposition of an entire property – including the frequently neglected upper floors – repurpose specific areas in the building, develop or sell a property.
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