CONSUMER DEMAND CAUSING SHIFT IN VALUE

The pandemic has caused us to rely more than ever on the e-commerce channels to provide products and services. One of the negative spin-offs stemming from this is that small businesses that count on physical contact with their customers are losing ground more than ever despite the recent re-opening of the economy. Consumers seem to have become more accustomed to spending discretionary income through alternate methods. Many types of commercial real estate rely on pedestrian/vehicular traffic. In the absence of this, small businesses must either adapt or merge as is the case with some of the medium sized enterprises that see the pandemic as an opportunity now more than ever through greater economies of scale. Unfortunately the lesson is we either pivot or suffer the consequences of environmental change. #recg #retail #smallbusiness #business #commercialrealestate #economy #change