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Retailers are taking advantage of low rental rates to open physical stores on prime corridors in major cities. Home furnishings and apparel retailers, in particular, are snapping up high street space, according to JLL’s City Retail 2022 report. That’s after major lockdowns ended and sales skyrocketed. And experiential concepts are streaming into Magnificent Mile spaces abandoned by traditional retailers that struggled during the pandemic. Some examples from JLL’s report:
By Brannon Boswell
Executive Editor, Commerce + Communities Today
ICSC champions small and emerging businesses in getting from business plan to brick-and-mortar.
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