Do We Have Industry Standard Practices in Retail Real Estate?

Why does any industry have standard practices?  Every business is different, even within an industry, so what’s the point of trying to standardize?

Industry standard practices are a lot like the rules in a game.  They provide a systematic, consistent, and proven framework within which the players develop their strategies and exercise their skills.  Having rules doesn’t make you a winner, but they make it possible to become a winner by promoting the following competitive strengths: Continue reading