GOOD LOCATIONS ARE GOOD LOCATIONS

COVID has been often referred to as an "accelerator". It would be an understatement to say that is the case in the world of retail. Shoppers transitioned overnight from in person purchases to online or e-commerce. Another company listed below in the article is helping small business digitize and sell to the same customers virtually. This leaves some retail space that is available for a re-positioning into alternate use(s). Amazon for example has purchased former retail space for "last-mile warehousing". Some retail sites have been re-developed into high density residential development. The one common variable is that a good geographical location always remains "good" it is just a matter of how it is used. Knowing how to unlock a new or alternate use is what creates value and seasoned investors utilize this concept during times of uncertainty in order to grow value on behalf of shareholders. #recg #commercialvaluations #retail #digitizingretail

https://www.retail-insider.com/retail-insider/2021/02/putting-the-shopping-centre-in-the-palm-of-your-hand-the-move-to-mobile-at-retail/