
Something New: Finding Opportunities in Retail Real Estate’s Omnichannel Evolution
The Weekly Take from CBRE
Retail Real Estate - The Evolution of the Industry
Tom Pillit: I'm excited about the progress to day as it relates to the retail real estate industry. In some of our asset types, most notably office and industrial, people are picking the location based upon the availability of labor. Are we seeing that in retail? i don't think, to the same degree as we're seeing it in office and industrial. But it is a concern, right? Because when you have this lack of labor for the retail business, and you start relying too much on technology,. that really kind of goes against what the consumer wants. People go out because they want to interact with people.
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