By Jay White, Apex Realty Advisory
The retail markets demise is greatly exaggerated
The retail market has always been the most dynamic of commercial real estate property sectors. It has been forced to try to keep up with consumer preferences and reinvent itself with new concepts and offerings over the past 15 years. This places modern-day retail at an inflection point. In 2020 there were 30 national retailers that declared bankruptcy due to the pandemic which in turn caused the closure of 12,200 stores.
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