A new decade awaits us in 2020, and with it the inevitable, constant evolution of the retail industry market. As one of the most competitive markets in the world, change and adaptation are truly the only constants. The rise in use of technology coupled with metadata metrics for analyzing consumer habits have inspired retailers to adapt and not only stay on top of trends, but ahead of them. Due to these elements, both retailers and commercial real estate operators have to be consistently responsive to the changes in order to maintain the competitive edge in their respective retail real estate markets.
We reached out to a variety of industry experts in the retail real estate sector nationwide to provide their perspective on what they are excited about and what to expect heading in 2020.
Here is what real estate experts say on Retail Trends for 2020:
“Delivery efficiency is a hot topic for 2020 with same day delivery becoming more expected, drone technology in test phase, and ghost kitchens becoming a reality.
Karly Iacono, Vice President, Marcus & Millichap