Shaping experiences that transcend mere shopping transactions
Retail is the most rapidly changing land use. What was popular three years ago may not be today. Shopping malls still have great popularity in Mexico and the rest of Latin America unlike the United States in which malls are a dying institution. America is seriously over-retailed and therefore, designing and building a new retail development must be carefully considered and tenanted.
Strip centers only remain strong so long as the anchor tenant is healthy. The economic life of a strip shopping center can be very short depending upon the strength of the anchor. Understanding the dynamics of retail development and operations, and the very volatile nature of changing consumer preferences is essential to developing commercial investments that can weather change and strengthen value over time.