Think retail: Future transformation of grocery-anchored real estate
The grocery-anchored retail space is set to undergo a significant transformation in the next decade(s) due to rising e-commerce grocery sales, advancements in in-store technology, as well as a growing number of lower and higher income households (i.e. continued shrinking middle class). Mass adoption of in-store technology likely means that customers will prefer to shop in-store for fresh produce and meats while opting to pick-up (or have delivered) the ‘middle-isle’ (i.e. ...
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