Retail Market Needs to Adjust to Change in Consumer Behavior
Though the tax overhaul was supposed to spur
higher returns of investment throughout commercial real estate sectors, that
does not seem to be the case in retail development. In fact, the panelists in
each of the six California regions surveyed are more pessimistic now than they
were before the tax bill passed. Though there have been reports of a strong holiday
buying season for brick-and-mortar retail establishments this year, e-commerce
and online retail business led by Amazon Prime is growing at a much higher rate.
This trend continues to cause the closings of many California stores, including
retailers Sears, Kmart, Walmart, Kitson and Macy's, despite the fact that the
economy continues to grow. Learn more: www.allenmatkins.com/ucla
