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Gourmet and Discount Grocers Grow, Stores Shrink

CHICAGO-A new study by Mid-America Real Estate Corp. shows that full-service grocers have declined in the area as gourmet stores increase, while all companies seek to reduce store size.

By Robert Carr | Updated on August 22, 2011

CHICAGO-With retail improving on the backs of grocery-anchored projects, there’s been more grocery stores proposed in Chicago than two years ago, according to a recent Mid-America Real Estate Corp. study. However, the growth can be traced to gourmet and discount products, rather than traditional full-service stores.

There’s 26 grocery stores now proposed in Chicagoland, at about 870,000 square feet, as compared to 18 stores in 2009. The size differential can be attributed to the shrinkage of stores, as the average proposed market this year was 33,486 square feet, a decrease of about 5,000 square feet from 2009 figures, the study says.

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