Here are ideas to help main streets and their businesses take back market share as the shopping center industry transforms.
The impact of e-commerce on physical stores is not as negative as many believe—downtown merchants can thrive in this environment through omni-channel marketing and creating unique experiences.
A Google search for the so-called "retail apocalypse" generates more than 13 million results, but brick-and-mortar retail is growing. The data presents a more confident picture for urban and town planners, developers, investors, and merchants.
Even as e-commerce takes market share and national chain stores close, demographic shifts have created a growth market for downtown retail and mixed-use.
From the decimation of downtowns to the “retail apocalypse,” massively changing retail has been the norm for the last seven decades. Urban retail may benefit from the current transformation.
Shopability studies for two Florida cities illustrate the potential and hurdles for many American small-to-midsize downtowns.
The oldest baby boomers have crossed the 70-year old threshold, and this generation was the first to live their entire lives in a car-dependent society. Many are looking to move to an urban setting.
An interactive map by Zimmerman/Volk Associates offers a detailed view of migration and mobility in counties nationwide.
When real estate switched from building mixed-use cities, towns, and neighborhoods, the industry adopted less sustainable selling points—like golf.
As cities boom, rental rates are easing due to supply.
As more retail moves into cities, the suburban boxes fronted by parking lots are giving way to more walkable designs.
Prices for real estate in many cities have recently stalled, The New York Times reports, yet the development boom continues.