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 in the U.S. commercial real estate market, including Philly retail space, before live shoppers, the new retail incubators also provide 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 focusing on Philly retail properties.
This November, several small, startup retail and e-commerce companies dealing in national and Philadelphia commercial real estate markets plan to occupy 11,000 square feet of vacant space in a retail incubation arena at New Jersey’s Cherry Hill Mall near anchor tenant Nordstrom.
Earlier this year, a 15,000-square-foot innovation center known as “Cowork at the Mall” opened in one of the many vacant national and Philadelphia commercial real estate properties, this one at a former Sports Authority store in Chicago’s Water Tower Place.
In addition, one of the nation’s largest mall operators is in the early stages of developing a retail incubation program for several of its properties among its U.S. and Philadelphia commercial real estate listings.
Beyond just space, incubators dealing in the U.S. commercial real estate market – including Philly retail space – are offering fledgling new retailers additional 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 is a Philadelphia commercial real estate brokerage firm that provides a full range of Philadelphia commercial real estate listings and services, 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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