Coresite detailed several grocery real-estate trends to watch in its recent market outlook report. Not surprisingly, Amazon was the leading one to watch, as it ramps up its offline grocery footprint.
Amazon is seeking to establish a presence in the mainstream US grocery market that is currently not served by Whole Foods, by stepping up its Fresh store footprint. The retailer has opened 23 Amazon Fresh stores in the US as of January 2022, just over a year after the launch of the grocery format, with more locations in the pipeline.
Coresite also sees momentum in grocery discounters' real estate expansion. Discount retailers have seen strong growth over the last few years and were able to maintain that momentum amid the pandemic, with sales growth of 8.6% in the US in 2020, according to Euromonitor.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
