Asim Maredia

A common misconception about the 2022 commercial real estate market is that brick-and-mortar stores are gone for good.

Despite the rise of e-commerce over the past few years, brick-and-mortar stores are far from disappearing. Compared to 2021, store closures decreased 65% with a 3% increase in store openings. While e-commerce provides users with a convenient option, the experience of in-person shopping is still favored by many. To remain successful, many brick-and-mortar stores are revitalizing their brands and store layouts to make them more shopper-friendly. This provides an abundance of opportunities for investors and developers, as these new store openings and rebranding efforts require relocation and renovations.