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Articles by Alan Shor
How DFW’S Retail Market Quietly Became Commercial Real Estate's Strongest Category
Despite decades of back-to-back challenges, the Dallas-Fort Worth retail continued to evolve and transform to evade every obstacle to its growth and emerge stronger. In the case of challenges like ecommerce, Amazon and the pandemic-induced shutdown of 2020, the market not only evolved, it embraced the challenges and learned how to creatively bounce back stronger.
The False Narrative About The Future of Retail
It’s unnecessary to rehash the unprecedented events of 2020 and how everyday occurrences were suddenly flipped upside down. Those of us in the retail real estate space experienced this firsthand. Alan Shor, The Retail Connection Never before has the retail, restaurant, and entertainment industries completely shut down as they did in the second quarter of 2020. Certain long-term beliefs surrounding the future of consumer-based real estate began to take shape.
Challenges and Opportunity Continue in Retail
Now almost eight months into the COVID-19 pandemic, uncertainty, challenge, and opportunity remain. We certainly know more than we did in February/March, but many questions remain unanswered about this virus. And without a doubt, COVID-19 has been the great accelerator for many consumer space trends, which existed pre-pandemic, have been accelerated by years, and will continue indefinitely. The challenges in retail are both short and long term.
The Great Accelerator: COVID-19 Hits Retail Industry Hard
As my past blogs have discussed, the retail industry has been undergoing an evolution, with the tremendous growth of e-commerce, technology, and the customer experience all evidence of the transforming demands of the consumer. The unfortunate onset of COVID-19 has greatly accelerated these trends and highlighted their importance in both the retail and real estate industries.
Pop-Up Shops Offer New Insight to Consumer Demands
As I have blogged in the past, the evolution of retail continues due in part to a new generation of shoppers wanting more than what stores in the past were accustomed to offering. Alan Shor Technology has shaped the way consumers expect the servicing of their shopping demands and the delivery of their purchased products. This results in the hard fact that retailers must continue to change the way they do business.
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