Source: JLL Research
WASHINGTON, DC—Talk about a turnaround, the retail sector in Washington DC has done an about face so far this year with much more retail storefronts opening than closing.
According to a report released by brokerage firm JLL, as of mid-May 2019, retail openings in the district have outpaced closings nearly 4 to 1. In comparison, closings outpaced openings in 2018 with 1.3 closings per every opening.
The industry leading the way in the district is dining, which accounted for 71% of announced openings so far in 2019.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
