Report | United States Retail Outlook -Q4 2017
The U.S. retail story in the fourth quarter remains largely consistent with the overall trends of 2017. Retail construction continues to slow, rents rise but at a slower rate than in previous quarters, and vacancy remains low at 4.6 percent across markets. Developers remain conservative on new retail construction with little new product outside of freestanding suburban General Retail and urban mixed-use projects with a retail component. Retail closures continue to make headlines but the market can breathe a bit easier as 2017 comes to a close with a 5.5 percent increase in holiday sales year-over-year, the greatest increase since the recession.
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