Retail Real Estate Industry’s Triumphant Turnaround
More brick-and-mortar store owners have arisen since the pandemic, with strong growth and expansion plans. U.S. retail vacancy has dropped to 6.1% in the second quarter, being the lowest level in the past 15 years. As online advertising costs increase, retailers have started looking to real estate to attract more customers. Physical stores have been reported to build more brand awareness and consumer feedback. For the first time since 1995, more stores have opened in the last year than closed. Despite recession concerns, the success of the retail real-estate industry is expected to continue for the rest of the year. Click here for all the details in the full article published on The Wall Street Journal.