The Life Expectancy of Retail Locations.
Join Gary Marshall in this episode of 'That Retail Property Guy' as he explores the life expectancy of retail locations and the implications for developers, tenants, shoppers, and communities. Is the end nigh at 35 years? Prompted by contrasting news articles, Gary delves into the factors affecting the longevity of maturing retail spaces. With notable examples like Sheffield’s Meadowhall and Newbury's Kennet Centre, consider how high streets and retail centres can evolve, adapt or repurpose over time, and the varied fates of city centres versus out-of-town retail parks. The episode concludes by questioning whether the future of retail lies in adaptability, repurposing, or returning to more localized, community-focused models.
00:00 Introduction to Retail Property Life Expectancy
01:57 The Golden Age of Retail
03:09 The Decline of Retail Spaces
04:40 Case Studies: Retail Locations in Crisis
07:35 The Future of Retail Spaces
16:36 Conclusion and Final Thoughts
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