Michigan Business Network

Chris Holman welcomes Carson Patten, Vice President, Retail Advisor, Martin Commercial Properties, and Samantha Le, Senior Associate, Retail Advisor, Martin Commercial Properties, This discussion is the third of three with Martin Commercial Properties team, and focuses on their Retail Advisory. These were the questions they cover in this conversation: Retail Advisory: Retail vacancy rates have dropped slightly despite economic pressures—what types of retail businesses are thriving, and what’s driving this resilience? We’ve seen significant growth in build-to-suit developments. How are developers and retailers working together to create spaces that meet evolving consumer demands? With the influx of new eateries and some notable closures, how do you foresee the balance between new openings and vacancies playing out in the next year? These interviews grow out of a series of three recent reports recently released by the company. You can access them at: https://martincommercial.com/marketinsights/ . Retail