If you have ever briefly mentioned a craving for a burger or needing a new vacuum or even the desire to take a family cruise, then you were instantly served an ad for this item or experience on your social media feed…you’ve experienced first-hand how our shopping patterns have completely transformed over the last few years. This awe-inspiring digital era of having ‘the world at our fingertips’ with instant gratification has undoubtedly shaped our purchasing patterns.
How do you maintain sustainability in this environment?
To be sustainable in this environment, retail stores are forced to keep pace with trends. They have to accommodate customers from all sectors and this means physical stores have to be redesigned. For example, with the rising popularity of food delivery, dining-in is declining. Most people prefer to order food and eat it in the comfort of their homes. Also, drive-in restaurants have gained momentum, especially in the post-COVID era.
For this reason, emerging retail shops need restructuring. Large dining areas are a waste of space, especially for fast food ventures. Retail commercial developers lose clients as a result. If they want to sell their properties, they have to restructure them and that costs a lot of money. When they sign up on a new project, they have to accommodate the new requirements into the design.
What are your 2022 projects?
If you are exploring retail opportunities in Arizona and are having a hard time finding capital to embark on projects, look no further. Colonial Capital is a privately held lending firm specialized in providing asset-backed short-term bridge financing.
As a premier financial institution that helps small and medium businesses, we are always ready to help individuals get back to doing what they do best. And with us by their side, their success is guaranteed.