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Premier Retail commercial real estate news, analysis, trends and information including shopping centers, malls, strip centers, big boxes, mixed-use, grocery, neighborhood and high-street segments deals and players.
U.S. luxury retail sales in 2024 are expected to total $77.3 billion.
Migration to the Sunbelt and out of midsize markets in the Midwest is reshaping the retail landscape across the country.
Retail chains like 7-Eleven, Sheetz, and Buc-ee's are increasingly favored by consumers.
The shopping center, costing almost $65 million, is over 91 percent occupied.
City drops affordable requirement in bid to revive 47-story Hayes Point.
The new company is targeting "under-invested and under-supplied communities."
They are located in Lithia Square and Midway Plaza.
West Palm Beach and Miami are "large recipients" of the trend, according to Danny Diaz Leyva.
Florida has also exceeded the country's average in retail asking rents.
The project is 82% preleased.