Market trends have changed in recent years, but how exactly are they changing? A newly published report examines the commercial and mixed use market landscape in the rocky mountain west, and suggests how to properly capitalize on evolving trends.
Commercial and mixed use development trends have changed. Retailers are seeking smaller spaces and “right-sizing” their locations. Young shoppers, accustomed to buying on the internet, are still shopping at brick-and-mortar locations, but now seek a complete shopping “experience,” which includes a desire for amenities and activities nearby.
Together with a growing desire for pedestrian amenities among homebuyers, commercial real estate is shifting away from large stores and malls on the outskirts of town, and toward walkable commercial development in an amenity-rich village center that includes a mix of shops, stores, office space, and residential.
A newly released report from Community Builders, called "RESTORE: Commercial and Mixed Use Development Trends in the Rocky Mountain West" examines the commercial and mixed-use development landscape in the rocky mountain west, and provides in-depth analysis of 32 towns and cities in Colorado, Wyoming, Montana and Idaho to help determine how developers, investors, government officials and business owners can properly capitalize on these trends.
Read the full story: RESTORE: Commercial and Mixed Use Development Trends in the Rocky Mountain West
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