Commercial Retail
New member, first post!
What’s everyone’s take on the fate of commercial retail? (Malls, strips, etc).
My take is malls (especially in mid to lower markets MSA’s) may never recover.
(No supporting data here) - I’d have to imagine stores like Macy’s are being heavily supported by women consumers 40+? Hard to justify that demographic jumping at the chance to get back into publicly crowded areas...
Additionally, assuming there ever is a post-COVID “normalization” - What type of commercial tenant would even consider signing a lease at one of these outlets?
Look forward to your thoughts!
- Dan
If there is one thing I can say, it's that TJMAXX will survive. My girlfriend and mom never stop talking about how they wish they could go.
But in reality, I think we'll see what we've been seeing. Bad retail will die, good retail will continue to thrive. I'm thinking we're going to see a lot more of the ghost kitchen model popping up and I believe for the retail that does survive, people are going to begin valuing personal space even more, so we could potentially see larger square footages across the map.
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