ROI-NJ: ROI Asks the Experts - Real Estate Predictions for 2018
Francis J. Giantomasi was quoted in a ROI-NJ article titled "ROI Asks the Experts: Real Estate Predictions in 2018."
According to Frank, "It’s clear that much of brick-and-mortar retail is struggling, with e-commerce gaining steam and many national retailers falling by the wayside. However, certain segments of the market will continue to thrive. For example, retail at the base of mixed-use properties — generally, smaller spaces with restaurants and other retailers that support the entire development — will show much more resilience than the sector overall. Even more significantly, once American Dream opens in East Rutherford in 2019, we’ll see 21st century retail in action: a destination property where people go for events, entertainment, dining — and also shopping. In 2018 and beyond, we expect developers to internalize these lessons and pivot to dynamic retail properties that attract consumers by offering them something beyond retail."
To read the full article, please visit ROI-NJ's website.