Image courtesy of City of Lee’s Summit
Lane4's Orange Report highlights retail revamps
Wonderscope Children’s Museum opened a new location at Red Bridge Shopping Center in fall 2020. Wonderscope exemplifies a trend seen across retail properties nationwide; non-traditional, experiential businesses are acting as anchor tenants in traditional retail settings. LANE4 believes this trend will continue, despite Covid-19’s temporary effect on experience-based businesses. Photo Credit: Wonderscope Children’s Museum of Kansas City
LANE4 releases annual report: Equilibrium emerging for 2020 retail market
Each year, LANE4 releases up-to-date information regarding the retail real estate market throughout the Kansas City metro in their Kansas City Retail Report.
An excerpt from the report, written by LANE4's Michael Berenbom, VP - Investments, follows:
"Perhaps the most indicative trait of the Information Age is the ever-accelerating pace of change. Like so many industries, the retail world has been hit with a shockwave of Amazonian proportions, disrupting consumer behavior, economic policy, technology, and social norms.”
“However, when a pendulum swings dramatically in one direction, it eventually swings back in the direction from which it came, drawing itself slowly toward an equilibrium. The retail pendulum may never reach a perfect balance between where we were decades ago and the height of emerging technology, but there are noticeable signs of movement toward a new middle ground, a balance between traditional retail habits and modern conveniences."
