Consumers’ preference for more convenient shopping options and those that can’t be easily replicated online is likely to rise, according to a new report from Marcus & Millichap.
Unanchored strip centers are delivering on that demand today – a trend that is likely to continue.
These shopping areas are “in a position of strength amid a period of household budget tightening,” according to the report. Part of the attraction is that they are typically located closer to consumers than larger centers and feature a diverse mix of tenants, said Marcus & Millichap.
Source: Globest