The retail industry is in a state of upheaval, driven in part by trends in e-commerce and changing shopping habits. Urban mixed-use retail can respond to consumers’ needs for convenience and efficiency.
“Modern mixed-use real estate seeks to provide an elegant and cost-effective solution to these social changes,” said Arturo Sneider, CEO of Primestor, a developer of mixed-use retail properties targeting the Latino demographic in the United States. “Demanding and informed consumers can have a place to live, work and entertain themselves — and their families — by resolving not only their discretionary — and more flexible — spending but more importantly their shopping needs for basic staples all through a very convenient model. Projects such as this can potentially provide jobs directly within the mixed-use environment itself.”
“Not all retail categories are in contraction mode,” noted Cushman & Wakefield in its fourth quarter 2019 retail market