Brick-and-Mortar Retail Continues to Thrive Against Online Shopping

The sector may not have exactly nine lives, but brick-and-mortar retail has been able to fight off daunting economic conditions and continual predictions of its death to show a resiliency that few predicted. After a pandemic that sent shoppers online and an urban exodus of office employees, the brick-and-mortar retail sector continues to shine, especially in urban areas. However, there are concerns that a need for more new retail space could stall future growth. According to a new report from global real estate and investment management services company JLL, “consumer spending growth and the return of international and domestic…