Understanding Commercial Real Estate Trends: The Rise of Service-Based Tenants
Retail real estate is evolving.
For the first time, service-based tenants now occupy more retail space than traditional goods retailers.
Fitness centers, pickleball facilities, wellness services, and personal care businesses are driving leasing activity as consumer demand shifts toward experiences that cannot be delivered online.
This trend is reshaping how retail centers are leased, designed, and positioned for the future.