Centers from Northgate to Tacoma are going through major changes to remain relevant in the dynamic environment that includes rising rent and employee costs as well as competing with Amazon. As the retail landscape changes, Susan Zimmerman, a retail real estate expert and senior vice president of Kidder Mathews, said the repurposing of malls is the market's biggest change. At Northgate Mall, though, retail will remain, even as it reduces its 1 million square feet by 40 percent. Read More...
Seattle-area retailers find creative ways to keep customers
Centers from Northgate to Tacoma are going through major changes to remain relevant in the dynamic environment that includes rising rent and employee costs as well as competing with Amazon. As the retail landscape changes, Susan Zimmerman, a retail real estate expert and senior vice president of Kidder Mathews, said the repurposing of malls is the market’s biggest change. At Northgate Mall, though, retail will remain, even as it reduces its 1 million square feet by 40 percent.
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