New Life and Work Choices Revitalize Exurbs, Bringing New Strains
MURFREESBORO, Tenn.—This bucolic town 30 miles southeast of Nashville, Tenn., was once best known for its nearby Civil War battlefield and state college. Now it is one of the fastest-growing places in the country. Surging housing costs and remote work are sending droves of people to live in new, fast-growing exurbs of metropolitan areas in […]
Shopping Center CEO Says Foot Traffic is Back to Pre-Covid Levels as Retail Evolves
Foot traffic at Kimco Realty’s shopping centers has returned to pre-pandemic levels, CEO Conor Flynn told CNBC on Thursday. “Traffic is back to 2019 levels, and we have a real playbook now that we can follow thanks to all the lessons learned through the pandemic,” Flynn said on “The Exchange.” “We launched curbside pickup and […]
Multi-Tenant Shopping Centers Gain Favor With Investors
British entrepreneur and adventurer Sir Richard Branson, head of Virgin Group Ltd., said, “Every success story is a tale of constant adaption, revision and change.” Certainly, as retailers grappled with the impact of COVID-19 restrictions, those that could quickly pivot and adapt were the winners. Even Charles Darwin said, “It is not the strongest of […]
JLL Expects Retail Property Surge, Fueled by US Economy With ‘Strongest Growth in a Generation’
The latest forecast for the U.S. retail property market over the next few years is looking bullish, with the industry buoyed by a strong and fast-growing economy, pent-up consumer demand because of the pandemic, and the desire for shoppers to connect with a human. A panel of executives from brokerage JLL presented their first webinar […]
5 signs that retail is going to be OK
The industry took a beating last year. Challenges remain, but here are a few indications of retailers’ strength. Last year was a challenge like no other for the retail industry. COVID-19 upended people’s existence worldwide, threatening human life and undermining the global economy. Job and wage losses took a toll. Even those able to stay […]
Wall Street Journal touts Greenville as a ‘breakout city’ in post-pandemic economy
Greenville is among a handful of U.S. cities at ” the forefront of America’s economic recovery,” according to a profile published Monday by the Wall Street Journal. The article examined “breakout cities” that had managed to build vibrant economies before the pandemic and are now drawing workers and new businesses at a clip far exceeding […]
Apple will spend $1 billion to open 3,000-employee campus in North Carolina
Apple announced plans Monday to open a new campus in the Raleigh, North Carolina, area. Apple will spend over $1 billion on the campus, and it will employ 3,000 people working on technology including software engineering and machine learning.
30 Years Ago, Mill Workers Fled South Carolina in Droves.
Now, Its Startup Scene Is Making a Remarkable Transformation. South Carolina makes its three-city debut on the Surge Cities list this year, with hospitality, tech, and advanced manufacturing on the rise. When Scott Millwood was growing up and going to college near Greenville, South Carolina, he says, “I didn’t see it as a place where […]
Why Strip Malls are Becoming More Popular Among Retailers
Strip malls are starting to get a second look from some retailers who have historically ignored them. Last week, both Macy’s and Sephora announced that they would seek to open more stores in strip malls in the coming years. Last year, supplements brand GNC announced plans to close 700 of its mall-based stores, and instead […]
U-Haul Names Top Growth States of 2019
Florida welcomed more than sunshine and tourists in 2019. It greeted the largest number of U-Haul® moving trucks entering its borders versus exiting them, establishing a new No. 1 growth state for the first time in four years. Florida, which ranked second to Texas from 2016-18, bested the Lone Star State for growth this past […]