Leasing Tip of the Day: The Five ‘F’ Words Transforming Retail

The only retail sector struggling in shopping centers is soft goods (clothes, shoes, apparel) due to competition from Amazon and Walmart. Other sectors, however, are thriving. For the next decade, focus on these five ‘F’ words that will dominate the retail space:

1. Fun
2. Food
3. Fitness
4. Furniture
5. Physical (wellness and healthcare, especially with 10,000 aging boomers retiring daily)

These categories thrive because they offer experiences. Today, everyone is living their best lives out loud and in public, essentially starring in their own reality shows. Centers with a good mix of tenants in these categories will see great success.

So, embrace the new ‘F’ words. Fun, food, fitness, furniture, and physical (wellness) will keep your centers vibrant and thriving for the next decade. Focus on these sectors to ensure your properties attract and retain tenants, driving foot traffic and boosting overall performance.