Columbia retail vacancies provide new opportunities
- Some retailers closed their doors this quarter, however, some had been struggling prior to the COVID-19 loss of business.
- Retailers are altering their shops and restaurants in order to provide a safe environment and positive experience for all consumers.
- Columbia retail vacancies are lower and rental rates are higher than they were one year ago-prior to the Coronavirus.
Providing new options for customers
In an attempt to continue conducting business throughout the pandemic, many restaurants now have opened for indoor business but with only half of the tables available for seating to customers. In addition, parking lots are often partially blocked off to accommodate outdoor seating. Online websites have been updated for ease of use and walk-up or drive-thru options have been implemented in order to enhance productiveness and to provide options for all clientele.
Retailers are spacing out their indoor merchandise and having sidewalk sales so customers are able to shop in person. However, fitting rooms are mostly unavailable, but return policies have been relaxed in order to raise the customer comfort level regarding “buying before trying.” Businesses are also limiting the number of shoppers at one time, setting up sanitizing stations and reinforcing mandatory masks upon entering the establishment in order to provide a safe environment and positive experience for all shoppers.
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