Author: Rent Magazine Contributor

The retail space rental market in August 2023 saw a significant transformation, marking a major shift toward experience-based stores as landlords and retailers increasingly sought to move away from traditional, product-centric storefronts. This change in approach, driven by evolving consumer preferences, has reshaped the way commercial spaces are designed and utilized, especially in major cities like Chicago, San Francisco, and New York. As demand grows for retail spaces that offer more immersive and engaging experiences, landlords are adjusting their strategies to keep pace with these new expectations. The Growing Demand for Experiential Retail Traditionally, retail stores have been designed primarily…