Marcus & Millichap Inc.

05/25/2022 | Press release | Archived content

Retailers Devastated in Pandemic Are Coming Back as World Reopens, Marcus & Millichap CEO Says

Retailers that appeared left for dead during the height of the pandemic have rebounded as the country and world reopens, and that's created demand for the properties they occupy, Marcus & Millichap CEO Hessam Nadji said.

The gyms, restaurants and entertainment venues that were performing well before being forced to close or greatly scale back their operating hours in the months following the March 2020 start of the pandemic have bounced back more quickly than anticipated, Nadji said in an interview at the ICSC 2022 Las Vegas show. He also serves as president of the Calabasas, California-based brokerage.