How Remote Work is Transforming Suburban Retail Opportunities and Community Building
Royal LePage Commercial East
Longevity in relationships must not happen by accident.
Over the past few years, we've learned that change is constant and we must always be prepared for it. #Telecommuting and working from home have transformed the lives of employees around the world, and this shift has also brought about changes in the buying habits and desires of suburban residents.
As more people work from home, there is a new potential for retail opportunities to capture the spending of remote workers. To succeed in this new landscape, it is important to focus on the local use cases and changing priorities of communities. Emphasizing community and outdoor space can be key to success.
Investing in public infrastructure can also benefit the community and reduce the ecological footprint of a project. By creating public spaces that benefit residents and tenants alike, such as a small public square surrounded by retail opportunities, #developers can increase foot traffic and potential customers.
Working with local organizations and business associations to host events can also have a positive impact and create a space that is primed for a high return on investment and low vacancy rates. As remote work and telecommuting become more popular, it is important to invest in communities outside of major metropolitan areas.
By listening and getting involved in the community, #developers can guarantee success for their #investment, potential #tenants, and create a better space for community members. As people rediscover their communities, the competitive advantage is now face-to-face encounters, and investing in local talent is a great way to make yourself a part of the community while accomplishing your goals.