The retail sector has been among the hardest-hit throughout the COVID-19 pandemic, and it continues to face significant challenges, restrictions and risks today.
Prior to the pandemic, the retail sector was already in the midst of an evolution; considering the shifts in consumer preferences, the economic headwinds and the natural evolution of the industry. Now, situated in a further compromising position, retailers and sector stakeholders have been experiencing immense changes, including social distancing requirements, regulated hours of operation, limited capacity, reconfigured floor plans and additional safety precautions.
Developers, investors, landlords, property managers, municipalities and tenants alike are persistently seeking opportunities and potential within spaces to adapt and cope to current operations and preserve functioning businesses. Handling countless lease re-negotiations, delayed rent payments, new innovations for touchless environments, and a vast surge in e-commerce sales, sector professionals have worked tirelessly to ensure that retail properties serve and revitalize their surrounding communities.
These skilled, resourceful and determined professionals have creatively adapted to on-going restrictions to help shape the retail real estate industry, in addition to the economy.
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 Retail Influencers.