Y. David Scharf Featured in Article on the Future of the Retail Real Estate Market
October 5, 2018 – Morrison Cohen Partner Y. David Scharf was featured in the article “A Light at the End of the Apocalypse” that appeared in The Retail Issue of the Mann Report on October 1, 2018. The interview was the Mann Report’s featured story of the week.
David offers an analysis of the current state of the brick-and-mortar real estate climate and what is driving store closures. David says the important factor is there must be a repricing of the capital stack in order to make retail space economically viable. “I don’t think we’ve seen the worst yet,” said Scharf. “I continue to believe that we haven’t hit rock bottom, and I don’t think we will hit rock bottom until we get some very significant repricing.”
David sees a bounce back for brick-and mortar when retail adapts to the digital landscape and adopts new technology. Those who adapt and survive will be stronger for it. A large portion of consumers still prefer to purchase products in-person rather than online.
Click here to read interview.