Lululemon opened a new store at Chicago that will function as a fitness studio and allow visitors to borrow Lululemon clothes to work out in.
While both asking and effective retail rents are trending up, the anemic growth reflects worries about continuing store closures.
Availability of skilled labor and local tax incentives are some of the deciding factors for manufacturers’ site selection.
The mall’s owner, Unibail-Rodamco-Westfield, is adding more food and fitness options.
While lenders are remaining disciplined, they feel there’s plenty of demand for industrial space and single-family rentals.