Retail is still following rooftops - Markets with robust population growth outperform the nation
August 30, 2019
Retail chains expanding greatly outnumber chains that are closing. For instance, only a handful of bankrupt retailers were responsible for the lion’s share of closures in the second quarter while, in contrast, five retailers are opening stores for every chain that is closing its doors. Retail growth is following rooftops, as markets showing robust population growth and employment gains are seeing outsized rent growth and retail demand. Both development and leasing are trending towards experience and services. Entertainment and fitness tenants continue their growth trajectory. Developers remain focused on mixed-use development featuring residential, hotel and retail with lots of public space and entertainment venues sprinkled throughout their projects. Read more….