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Showing posts from April, 2020

#Destinationtalk #PostCOVID-19 Commercial Real Estate metamorphosis

Picture @padzzle Nothing will be the same.  Nothing.  Nada. The ongoing reinvention of retail and commercial real estate expired with COVID-19, as if the commercial real estate was not convoluted enough already with new consumer behavior patterns. Prior to COVID-19: ·        old shopping malls, as well as newer shopping malls, centers, and destinations, struggled putting forth compelling propositions to drive footfall. Why do consumers need to “go to” a shopping mall or neighborhood shopping center when pretty much everything is accessible via a click of a computer mouse or a touch of a smartphone? ·        office space was re-inventing itself after WeWork changed the paradigm of office space look, feel, functionality, and use. However, today WeWork is a rapidly sinking ship.  Not surprisingly, we will likely s...