Retail Stays on the Evolution and Growth Track

KC Conway offers five predictions for the future of retail that debunk several primary myths.

SEATTLE—To be sure, commercial real estate is experiencing one unprecedented change after another, and nowhere is this clearer than in retail. In fact, a recently released report, “Retail e-Volution: Predictions for 2025,” details five predictions for the future of retail that debunk several primary myths behind the glut of bankruptcies and store closings in the past decade. The report was created by CCIM Institute chief economist KC Conway, in partnership with the Alabama Center for Real Estate at the University of Alabama.

“This report is not another examination of retail’s demise, because quite the opposite is occurring,” says Conway. “With total retail sales increasing at an average annual rate in excess of 4.35%, this is a story of how retail will continue to grow and evolve, fueled by e-commerce, technology, logistics and innovation.”