Retail’s Comeback—Fueled by Experience and Mixed-Use Development
Forget the “retail apocalypse.” Brick-and-mortar retail is making a strong return in 2025, powered by immersive experiences and mixed-use development. Retail real estate is beating expectations. Vacancy rates are near record lows (e.g., 2.8% in Miami), and new supply is limited. Consumers are gravitating toward experience-first concepts—car washes, theaters, fitness studios, and live events—driving foot traffic. Suburban […]