In retail and mixed-use real estate, brand is no longer confined to the occupiers behind the shopfront. Increasingly, the asset itself and the company behind it is the most important brand.
Whether it is a regional shopping centre repositioning itself as a lifestyle destination or an urban mixed-use scheme competing for dwell time, the identity of place has become a decisive factor in performance. Investors talk about footfall, sales densities and NOI, but beneath those metrics sits something less tangible and equally powerful: perception.
I’ve seen a distinct shift occurring with owners and operators not only looking at how they manage a property more efficiently, but how to operationalise brand in a way that drives measurable outcomes.
Going from asset to brand ecosystem.
Multi-tenanted commercial real estate assets function as ecosystems. They combine brands, operators, services partners, and customers into a single experience. In the days before tenant experience became such a central focus, each of these elements used to be very inward looking, never really overlapping. When that happens, it weakens a sense of brand. But when it feels cohesive it can strength a sense of place.
Over the years I’ve been lucky enough to see first-hand the successful growth of some of the biggest brands in commercial real estate, British Land both the company’s brand and also the individual identities of each of its destinations becoming their own living spaces, Battersea Power Station, Canary Wharf to name a few in London alone. They have all managed to create a distinct sense place, with a well curated tenant mix, and thoughtfully designed public realm. These are places that people want to be.
