- New Model Emerges: Pandemic-related disruption to retail supply chains and operations has paved the way for a new store model that combines retail and logistics real estate.
- Fulfillment Requirements Accelerate: Several retailers are now using stores as last-mile fulfillment centers for online orders.
- Creating a New Asset Class: The integration of retail and industrial real estate is producing a new asset class that includes stores with both physical shopping and purchase shipment services, as well as “dark stores” that provide pickup and shipment services without in-store shopping.
- Store Valuations Evolving: A new and more sophisticated pricing mechanism is needed to determine the value of stores and retail rents, especially for retailers that have more online channels.
*3D model is for example purposes only. The future hybrid store may or may not include all elements included in the model shown.