National CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


National  + Retail  | 

Retail Proves Resilient Despite Strong Headwinds, Says Cox Castle’s Grossfeld

2022 was choppy going for U.S. economy, yet the retail sector proved itself seaworthy. Given the rough waters, many have asked “how the retail sector has been able to withstand, survive, and even thrive following so many hits to the core fundamentals of the economy, and, moreover, will the retail sector continue its success in 2023?” writes Cox Castle & Nicholson partner Scott L. Grossfeld. 

Although no one can answer the question completely, Grossfeld notes, “over the years, we have found that retail has been flexible, able to adapt, and change and morph in ways to enable itself to succeed.”  

Currently, retail continues to benefit from the after-effects of the pandemic, observes Grossfeld. “Consumers are still tired of being couped up at home, there is a general pent-up desire to get out and spend, and a need for social interaction,” he writes in a new Cox Castle report, Despite Strong Headwinds, Retail Continues To Adapt And Survive. “Shopping addresses and satisfies those issues.” 

Additionally, Grossfeld cites at least three major trends in retail that are helping retail manage changes in the overall economy.  Namely, “Traditional retail media or digitally born retailers are emerging as physical stores, tenant mixes and diversity are changing, and new store formats are taking form.” 

For the complete report, click here.


Inside The Story

Cox Castle's Grossfeld

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).