Resilience of Retail

Everybody loves retail. It’s the most tangible, most visible, most experienced form of commercial real estate. From teens loitering at a coffee shop to Grandma’s visit at a bakery, everyone has an insight about “what they should do” when it comes to retail.

E-commerce and COVID demonstrated retail’s resilience; it’s a stronger asset class today that it was pre-pandemic and continues to show incredible signs of strength. The pandemic forced retailers to accelerate their omni-channel strategies to complement the in-store shopping experience.

Digitally native brands are opening storefronts.

Dining and fitness users are surging.

Consumers’ savings and wage growth are driving retail’s velocity.

To get ahead of retail’s trajectory, we’ve added to our retail team. Ryan Fisher and Alex Smith joined Cushman & Wakefield | CRESCO to help our clients expand and to better advise retail property owners. With 25 years’ combined experience between the two, this team has represented familiar brands such as Dunkin Donuts, IHOP, Aarons and Caliber Collision to find high-growth locations throughout the region.

In addition to the many known national occupier brands they represent, Alex and Ryan also have a number of marquee retail sites ideal for high profile local uses including the former Cowell & Hubbard restaurant in Downtown Cleveland and the Bowery District in Akron.

Have a retail need or interest? Contact us today to discuss “what you should do” with your retail needs.

To learn more about how CRESCO, Greater Cleveland’s leading commercial real estate company, can help you with your property needs, contact us at 216.520.1200, or fill out the form below. A CRESCO professional will contact you shortly.