PH to see dawning of small retail strips

ALTHOUGH the Philippines has made a mark globally for its expansive malls, smaller lifestyle retail establishments may start sprouting in the market this year, property analysts forecast.

Although not exactly like the dinosaurs’ extinction, Claro Cordero Jr., head of research and consultancy of global property advisory firm Jones Lang Lasalle, said developers are now veering away from the box-type, ultra-extensive mall developments, and are starting to move into small and mid-sized retail establishments.