It has been reported that e-commerce has revolutionized various industries, those who were considered as an aggregate in retail properties, certain retail assets are still booming around the marketplace. Simply, some goods and services cannot be purchased on the Internet, as working in a gymnasium or having dinner at a restaurant cannot be duplicated by online transactions. Some companies are still selling groceries and relevant goods online, as most of the food shopping still takes place in online stores with an E-commerce app development company. The recent findings highlighted experience-based tenants including movie theaters, restaurants and online retailers such as supermarkets dominates the foremost retail assets in Q4 of 2017.
The shares of specific types of tenants can be varied noticeably between the best and worst-performing assets, as visualized in the next demonstration with a notable concentration of an E-commerce app development company. In the first show, we witnessed that top-quartile assets produce enormous revenue from experience-based and internet-enabled industries such as restaurants, gymnasiums, and supermarkets. Grocery exposure, in particular, seemed to produce a particular difference in performance assets.
The online penetration aspects possessed by every E-commerce app development company in this area have remained low in the US. Precisely, you can witness the second reveal that industries are seemed endangered to the online competition were prevalent in the bottom-line quartile. Hence, with the practical observation three key characteristics among top-quartile retail properties:
- Online Resistance
We observed that the top quartile had less exposure to read books, performing sports and apparel stores. These Industries have experienced the most penetration from the online retailers assisted by an E-commerce app development company.
Conversely, the foremost retails formats had consumed higher exposure to grocery stores. The Grocery tenants eventually attracted online shoppers and increased the overall frequency of visiting online shopping centers with the futuristic trends of an E-commerce app development company.
- Restaurants & Catering Services
Restaurants were depicted as an essential area for shopping centers as it highlighted 15% full-service restaurants merely accounted at 8.5% of the total ROI obtained for the top quartile versus 13% for the bottom-line quartile. Restaurants, particularly focusing on full-service are also classified as a popular tenant as they primarily gather traffic with the help of an E-commerce app development company and keep potential consumers for a long time duration at shopping centers.
- Leisure and Entertainment Aspects
While top-quartile assets comprised as a higher concentration of fitness centers then the bottom quartile. The growth of the entertainment sector is immensely increasing due to the fact of an E-commerce app development company to become a fore frontier in the online shopping centers focusing on the experience they mainly offer to their potential consumers.
In a nutshell, the tremendous growth of every E-commerce app development company has revolutionized the real estate industry. As most of the professionals are developing apps for online retailers and real estate professionals to embark their sales to the next level. Hence, the future of retail properties is emerging and it will further prosper in the future.