Retail executives have long known that foot traffic increases when they can provide an “experience” for the customer, such as by adding gathering places or dining venues.
Coreland’s Matt Hammond said he has seen a shift over the last 10 years among mainstream consumers toward both value and authenticity.
Like our work at Park & Paseo, having the benefit of being a part of early planning discussions gives you the greatest opportunity for success, shares Chris Premac.
The National Retail Federation announces increase in average shrink rate while retailers take needed steps; Coreland’s Vicky Hammond comments on prioritizing security.
For the past decade, opportunistic owners of suburban centers have invested in experiences and creating destinations, Hammond shares.
Among the key strategies to strengthen tenant relationships is investing in property maintenance to ensure a positive environment for tenants and their customers.