To be successful in today’s retail space, investors and developers need to adapt to the new risks and challenges that this sector faces. That is according to Joe Derhake, CEO of Partner Engineering & Science, Inc.
He recently told GlobeSt.com that technology and changing consumer behavior will change how our cities and buildings are designed. “Those who can anticipate how new developments like driverless cars or even online grocery services may create a risk of building obsolescence can take advantage of great deals or profitable adaptive reuse projects.”
Similarly, he says, there’s a growing shortage of land suitable for development. “Those who are savvy enough to take on brownfields can do very well in this market.”
Continue reading the GlobeSt blog here.