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Friends, Not Foes: The unification of e-commerce with brick and mortar and the impact on retail real estate

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Over the past year, Colliers Real Estate Management Services has published a series of reports to provide our clients with unique insights on the recovery of office, retail, and industrial assets. 

Friends, Not Foes: The unification of e-commerce with brick and mortar and the impact on retail real estate is the fourth installment in our series on retail recovery. Key takeaways were drawn after we surveyed a diverse array of tenants across our 11 million square foot national retail portfolio. 

Key takeaways:

  • National retail vacancy is expected to see a slight decrease of less than 1% by 2024, with growth in e-commerce unlikely to significantly impact the total amount of retail space required.
  • E-commerce and brick and mortar retail are no longer mortal enemies. Retailer adaptations throughout the pandemic have shifted the industry away from a “zero sum” forecasting relationship between growth in e-commerce and brick and mortar space needs.
  • Omnichannel retail will become less of a choice for retailers and landlords in the future.
  • Higher e-commerce sales are leading 55% of retailers to reconfigure their existing physical units and show an increasing need for inventory space.

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Friends, Not Foes: The unification of e-commerce with brick and mortar and the impact on retail real estate

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For More Information, Please Contact:

Jane Domenico

SVP & National Lead, Retail Services

Toronto Downtown

Jane is Senior Vice President & National Lead, Retail Services for Real Estate Management Services (REMS) in Canada and her focus is on the strategic growth of REMS’ retail portfolio across Canada and on making Colliers’ Retail Asset Advisory Services synonymous with retail expertise in the Canadian marketplace. She will work with other areas of Colliers’ businesses when additional retail real estate expertise is required. Under her leadership, Jane leads the retail platform for Colliers Canada, ensuring that we continue to provide innovative and value-added solutions to our clients through the Retail Asset Advisory Services platform.

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