There has been a lot of chatter recently about the Amazon Effect. Some call it the “retailpocalypse.” Last year saw roughly 10,000 retail stores close. People are now ordering everything direct to their door, and storefronts can’t compete. It sounds like a dire time for retail properties.
Well, surprise, it’s not. Retail investments in Northern California are as strong as ever—they’re just evolving. It’s true that stores selling products that are more easily ordered online are fading out. But what’s moving in are stores doing the exact opposite.
There is massive growth in retail sectors around personal services, restaurants, grocery/drug stores, fitness and sports, healthcare, and even movies and entertainment outlets. Think experiences, services, artisan crafts, perishable foods, or any high-touch items.
If you’re looking to buy, sell, or lease a retail space, you have to look deeply into these trends in order to ensure your success. Our advisors will help you do that. They know how retail works, and they’re ready to turn storefronts into high-trafficked sales.