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Six Fast-Growing Cities with Fast-Growing Retail
More than two years after the first COVID-induced lockdowns, occupancy of new retail assets is now at an all-time high, Placer.ai reports. Cities with growing populations are seeing a particularly marked retail resurgence, and a new white paper spotlights six of them: Fort Myers, Denver, Las Vegas, Phoenix, Austin and Boise.
The increase in residents is driving certain similar real estate patterns across the six cities featured in the report. However, since each of the regions has its own unique character, their growth is also creating commercial opportunities specific to each locale. “Certain cities are seeing movie theaters visits surge, while other areas are seeing a strong office recovery – and some districts are simply seeing grocery visits skyrocket,” the white paper states.
The white paper draws on Crexi’s commercial real estate data insights and Placer.ai’s foot traffic intelligence to show how recent migration trends and overall population growth are uniquely impacting the local retail space in these growing cities. The report illustrates what is driving retail recovery in each area and the unique ways CRE players can capitalize on these changes.
For more insights into retailing trends and innovations, come to Connect Retail West, a live conference scheduled for Nov. 9 in Los Angeles. Click here to register.
- ◦Lease
- ◦Development
- ◦Economy
