Thursday, June 4, 2020

COMMERCE IN THE TIME OF CORONAVIRUS -- Part 18

Main Streets, Business Improvement Districts and Downtowns Lead the Way
Robert Gibbs is a professional planner, landscape architect, real estate advisor and author of Principles of Urban Retail Planning. 

Based in Birmingham Michigan, he has consulted on more than 1,000 projects spanning all 50 states, including retail evaluations of all design, planning, parking, signage, management and policy issues to improve the shopper experience and improve sales.

“DDAs are essential for competitive shopping districts, especially now.  Cities without DDAs will face a slower recovery than others,” he said of development authorities. 

“DDAs can offer marketing for restaurant carry-out, on-line shopping and especially their service businesses.

He said DDAs throughout the nation must prepare extensive post-recession/pandemic marketing plans to launch the moment things start to return to normal. 

To endure the crisis, Gibbs said landlords must offer free for several months and then reduce rents to 10 percent of gross sales. 

No comments:

Post a Comment