When the pandemic came, many expected the retail sector to flounder for years after the drubbing it received from the health crisis. We could not have been more wrong. As the pandemic continues to recede into the background, retail real estate is undergoing a revival that few had expected. This is not to say that the sector is without challenges. As with before the pandemic, shifts in consumer tastes and shopping patterns are remaking retail real estate, with some brands failing to meet the tests. Through it all, the real estate professionals that handle these properties have sailed through rough waters.
Developers, investors, landlords, property managers, municipalities and tenants alike are persistently seeking opportunities and potential within spaces to adapt to the current environment, all the while mindful that a pandemic-related setback could occur. These professionals adeptly handle lease re-negotiations, new innovations for touchless environments, and a vast surge in e-commerce sales, while working tirelessly to ensure that retail properties serve and revitalize their surrounding communities.
As such, GlobeSt. Real Estate Forum is once again recognizing the field’s prominent professionals, from developers, investors and tenants, to brokers, managers and consultants. These individuals, teams and companies have had a recognizable and significant impact on the business. Be it through their contributions to the industry, the vast successes they’ve achieved in completing deals and projects, or the innovations and best practices they’ve introduced to the business, these are commercial real estate’s Influencers in Retail Real Estate.
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