Commercial Real Estate – Santa Cruz
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Next Retail Trend Combines Barking and Beer

Entrepreneurs are tapping into the ever-increasing desire of dog owners to take their furry friends with them everywhere by building private dogs parks that also have a restaurant and bar. These parks are beginning to catch on among landlords digging into ideas for boosting foot traffic to their properties through amenities people want to experience. And landlords pursuing experiential retailing have been willing to front a lot of money and give big breaks on rent to land these dog parks.

For landlords, these dog parks are “increasing dwell time” at retail properties as well as driving more frequent visits. Indoor shopping malls, which owners have sought to reimagine as tenants have emptied them, could be where the dog parks could appear next..

November 26, 2019

Richard Lawson @ Costar

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