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Yes, this is quite likely, but this is a titanic shift in the real estate market. Previously, you wanted a flashy storefront to attract customers so you put you
by fzzzy 6y ago
Yes, this is quite likely, but this is a titanic shift in the real estate market. Previously, you wanted a flashy storefront to attract customers so you put your kitchen in a fancy area. Now, you just need a kitchen on a back alley where delivery drivers can easily pull in to pick up their orders.
I actually think it might cause a more efficient use of space overall. Lots of strip malls and even regular malls around the country are going to be converted into housing. If almost everybody does almost everything through delivery, there's no need to spend the money on prime real estate and extensive signage, which is very expensive.
- ghaff 6y ago>Lots of strip malls and even regular malls around the country are going to be converted into housing Unlikely. Most "dead malls" are in suburban and rural locations, often depressed. Maybe there will be some housing development in the acreage but they're mostly in areas where land is relatively plentiful and cheap. Dying malls aren't going to open up prime real estate because retail in prime real estate is mostly still doing pretty well.