AmiSight 4/1: Retail Isn’t Dying—It’s Becoming Wellness

For the first time ever, more retail space is going to services than stores.

Think fewer shopping bags… more Botox, boxing, and Pilates.

According to the Wall Street Journal, Over 50% of retail space is now leased to service businesses—driven by a $2T+ wellness boom and the continued rise of e-commerce.

What’s changing:

• Consumers spend on how they feel, not what they own

• The gym is the new “happy hour”

• Landlords favor experience-driven tenants

The takeaway: Retail isn’t disappearing—it’s becoming experiential, social, and service-driven.

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