Brickandmortar Tag

Industrial brick-and-mortar real estate could have had a nasty pandemic yr (or two) with lockdowns and consumers hunkering down across the globe. But now that so many individuals are coming out for quarantine, the demand for travel, in-person shopping and the possibility to explore the world IRL has never been stronger.  Retailers and types are left competing — and sometimes paying a premium — for industrial real estate in all the large markets, and in some small markets, too.  A Calzedonia in Manhattan. Courtesy Photo “It’s supply and demand. There’s absolute confidence that brands are very much in need of continued acceleration within the brick-and-mortar channel to assist them create that omnichannel strategy,” Amish Tolia, cofounder and co-chief executive officer of Leap, told WWD....