Outside of an office building in Easton

Mutual Benefit: Office HQs and Retail and Mixed-Use Hubs

July 27th, 2021

By Joel Groover | The International Council of Shopping Centers

Not so long ago, a humdrum industrial park out of the TV show The Office was good enough for many employers. But more companies now aim to put their HQs and offices next to hubs of commerce that offer bars, restaurants, entertainment venues and other things to do. And that trend is creating leasing opportunities for retail owners and developers. “Employee recruiting and retention has become so competitive,” said Steiner executive vice president of asset performance Beau Arnason. “Employers are saying, ‘Wow, we’ve got to do more for our employees.’ Companies want to offer their employees a better place to work.”

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