Mall operators are taking a page from the playbook of their office counterparts and setting up retail incubators in some of the space left vacant by departed department and apparel store retailers.
Offering retail and technology startups a shared space to test their concepts before actual shoppers, the new retail incubators working in the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – are providing mall operators with an opportunity to find tenants with the potential for growth – and a diverse variety of new retailers giving shoppers a new reason to visit the mall.
This report on U.S. and Philadelphia commercial properties is being made through Philadelphia commercial real estate broker Wolf Commercial Real Estate, a Philadelphia commercial real estate brokerage firm.
This November, several small, startup retail and e-commerce companies familiar with the national and Philadelphia commercial real estate market plan to occupy 11,000 square feet of vacant space in a retail incubation space at New Jersey’s Cherry Hill Mall near anchor tenant Nordstrom.
Earlier this year, one of the many national and Philadelphia commercial real estate properties – this one a 15,000-square-foot innovation center known as “Cowork at the Mall” – opened in a former Sports Authority store at Chicago’s Water Tower Place.
In addition, one of the nation’s largest mall operators dealing with a massive number of underexposed U.S. and Philadelphia commercial real estate listings is in the early stages of developing a retail incubation program for many of its properties.
Beyond just space, incubators offer fledgling new retailers throughout the U.S. commercial real estate market – including Philly office space, Philly retail space and Philly industrial space – access to experienced operators, coaching, and networking opportunities to help them get their companies off the ground.
For more information about Philly office space, Philly retail space and Philly industrial space or other Philadelphia commercial properties, please call 215-799-6900 to speak with Jason Wolf (jason.wolf@wolfcre.com) at Wolf Commercial Real Estate, a leading Philadelphia commercial real estate broker that specializes in Philly office space, Philly retail space and Philly industrial space.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors and sellers.
Wolf Commercial Real Estate, a Philadelphia commercial real estate broker with expertise in Philadelphia commercial real estate listings, provides unparalleled expertise in matching companies and individuals seeking new Philly office space, Philly retail space or Philly industrial space with the Philadelphia commercial properties that best meets their needs.
As experts in Philadelphia commercial real estate listings and services, the team at our Philadelphia commercial real estate brokerage firm provides ongoing detailed information about Philadelphia commercial properties to our clients and prospects to help them achieve their real estate goals. If you are looking for Philly office space, Philly retail space or Philly industrial space for sale or lease, Wolf Commercial Real Estate is the Philadelphia commercial real estate broker you need — a strategic partner who is fully invested in your long-term growth and success.
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