As Amazon looks to locate new warehouses in many mall anchor locations like J.C. Penny and Sears, questions and concerns are abundant.
Amazon desires to be closer to its ever-increasing number of Amazon Prime members demanded by two-day shipping. Malls in communities with high populations are appealing for that reason.
Creating fulfillment centers in mall locations does not create foot traffic for the remaining stores. Amazon argues their fulfillment centers will create jobs and these employees will patron local businesses. Amazon will argue that if retail is not doing well, what good is it to have empty stores? Real estate will evolve to meet today’s changing consumer demands.
Now is a great time to change the use of your commercial space. Contact GE Grace and let an experienced broker guide you through the changes. Call us at 646 312 6800 or write us ar Grace@GeGrace.com.