NOTES FROM THE
The Retail Issue | Marcus & Millichap Retail Trends
A structural shift in the retail sector, fueled by shopping behavior and tech- nology, is transforming the retail real estate sector. Retailers that remain focused on business models and strategies dating back to the 90’s have
steadily lost ground to innovative businesses that are leveraging unique position-
ing and technology to their advantage. Despite this evolutionary trend, the under-
lying demand for viable brick and mortar locations remain sound.
Whether you focus your retail on brick-and-mortar or online, Forum and
Marcus & Millichap present insights straight from the field to help navigate
today’s ever-changing retail world.
LOOK BEYOND THE HEADLINES. STORES REMAIN RELEVANT.
Even with what some consider the
encroachment of online retail, consumers still seek out experiences,
entertainment, and the services and
convenience offered by retail centers
and stores. Retail real estate is often
positioned to capitalize on well-traveled crossroads, where retailers, restaurants and other types of service
providers can benefit from surrounding areas.
FOOT TRAFFIC AT RETAIL STORES IS DOWN
BUT OVERALL RETAIL SALES ARE UP
34. 3 BILLION VISITS
13. 2 BILLION VISITS