Why Strip Malls are Succeeding after COVID
From coast to coast, the latest shopping fixation might come as a surprise. That’s right, strip malls are here to stay! As the economy has had its fair share of speed bumps (and continued hardships are projected to be on their way), strip malls have been a consistent performer in the world of commercial real estate. Of particular note, their performance has been impressive regardless of geographic region. So long as there is a populace residential area in the vicinity, strip malls have become a reliable staple trusted to meet the basic supply needs of consumers. VersatilityThe draw of strip malls in commercial real estate has always been their versatility (and some people have even made it their personal moniker). With these adaptable properties, larger locations can be renovated to fit the needs of multiple tenants that do not require much space. As the market changes, the inherent modularity of these locations affords property owners the room to adjust to market trends. A careful selection of tenants is key when looking to manage a successful strip mall location. The location and clientele should always drive the decisions when selecting quality core tenants, of course. However, as a quick tip, incorporating