Ready for Reinvention

A 2023 Real Estate
Trend Report

building with people in front of it

The ways in which we have occupied the spaces where we work, shop, play, and live are changing before our very eyes, part of a rapid evolution in how consumers spend and value both their time and money. As office anchors downsize, former office and retail spaces are poised to be repurposed for alternative uses. The question we must now ask ourselves is this: if not retail or office, then what? 

In this document, we offer insights gleaned from our work and that of our partner CBRE, into alternative uses that have caught our eye. Its insights are intended for all parties involved in the real estate ecosystem and urban place management, including but not limited to investors, property owners, tenants, consumers, and the public and non-profit sectors (such as Business Improvement Districts).




pinecrest shopping center entrance

A placemaking audit and vision for a growing mixed-use retail destination

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