We have all been paying attention to online retail and its effect on traditional brick-and-mortar. Amazon’s recent purchase of Whole Foods and its 450 stores is an interesting development in CRE. The shift into the grocery business absolutely indicates the importance of having a physical presence in this retail segment. After months of multiple announcements of big box retailers closing stores, it was refreshing to see the largest online retailer in the world make such a significant investment in brick-and-mortar real estate.
Comic and commentary courtesy of REsimplifi, Inc.
Henry Moore, CCIM, is co-founder of REsimplifi, Inc. REsimplifi is a cloud-based process, document, contact and transaction management system for commercial real estate brokers, their managers and assistants.