Total retail sales increased by 6.1% year-over-year in Q3 2018—the biggest gain since 2012
Continued healthy retail sales growth—the result of rising consumer confidence, a strong job market, lower taxes and higher wage growth—will drive strong retail fundamentals in 2019. As mall owners seek to drive traffic flow and reposition shuttered department store space, they will increase their redevelopment and re-tenanting activity. Across categories, retailers will continue to develop their omnichannel strategies and make significant reinvestment in their physical stores. In response to growing consumer demand, 2019 should be a pivotal turning point for omnichannel in the food & beverage category. Learn how to be in an advantageous position next year by exploring CBRE’s 2019 Retail Outlook Report.
Top-10 Markets for Annual Rent Growth, Next 5 Years
Source: CBRE Econometric Advisors, October 2018.