5 Principles for Retail Center Repositioning
As we look ahead to a post-pandemic future, there’s one market segment that’s currently ripe for redevelopment and transformation: the traditional retail mall. With the massive transformation of real estate spurred by the pandemic, retail centers will emerge as one of the most valuable asset classes in a post-pandemic landscape, as building owners, investors, and developers look to reposition these aging, vacant, or underutilized properties — converting them into vibrant, mixed-use developments that will unlock latent value and meet consumers’ rapidly changing demands.
CBRE Research predicts up to a 20% reduction in total retail real estate inventory by 2025, which will be largely triggered by large-scale adaptive reuse and conversion, particularly among Class B and C malls that have been ...