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Examining Commercial and Mixed Use Development Trends in the Rocky Mountain West
Commercial and mixed use development trends have changed course in recent years. Retailers are seeking smaller spaces and "right-sizing" their locations. Young shoppers, accustomed to buying on the internet, are still shopping at brick-and-mortar locations, but now seek a complete shopping "experience," which includes a desire for amenities and activities nearby.
Together with a growing desire for pedestrian amenities among homebuyers, commercial real estate is shifting away from large stores and malls on the outskirts of town, and toward walkable commercial development in an amenity-rich village center that includes a mix of shops, stores, office space, and residential.
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