The changing face of retail
Retail has been one of the more vulnerable asset classes during the pandemic crisis. Landlords and tenants are facing some unprecedented challenges and legalities, with the closures of many retail stores, restaurants and shopping centres. Landlords with necessity-based retailers look to be at an advantage, while many other retailers quickly transition online to keep businesses afloat. As consumer confidence dwindles and discretionary spending weakens, landlords may be faced with considering a different tenant offering, perhaps more tech-driven, experiential and exclusive-type services or may consider repurposing their spaces entirely as some retailers exit their centres and others adapt to changing consumer behaviours. With all of these changes comes with its own set of opportunities and challenges for investors, developers, owners and tenants.
With our deep experience in the retail sector – including valuations, tax and property development, we can help facilitate this transition into the future. Explore our experience and check out our latest research and insights. We can help.
Watch | The shift in retail
In this webinar, our experts looked at the evolution of retail in Canada by breaking down the trends and looking at some of our market stats and industry case studies.
Recorded: October 9, 2019
Viewers can expect to learn about:
- Changing demographics and consumer behaviour
- Experiential trends like ‘retailtainment’ and food halls
- E-commerce and its impact on industrial and retail spaces
- Mixed-use redevelopment opportunities
- Retail investment valuation trends
- Property tax implications for redevelopment and intensification (i.e. effect on tenant recoveries)
- And more…
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