Discounters Snap Up Retail Leases
As retail leasing begins to crawl out of the hole it fell into during the coronavirus pandemic, a clearer sense is emerging of where consumers are shopping.
The busiest companies were those moving on with expansions that even the pandemic couldn’t undo. Discount retailers Dollar General, At Home and Ollie’s Bargain Outlet were among the most active. Apparel, department stores and restaurants are still struggling.
Other active tenants in the quarter included grocers and even auto repair and parts shops Caliber Collision Centers and AutoZone. We don’t know what the future holds for retail but we are starting to get a glimpse of which sectors are still thriving.
Costar News. Jennifer Waters. 7/9/2020