3rd Quarter Retail Recap

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Video added by Progressive Real Estate Partners | Date Uploaded: November 02, 2021 | Date Created: October 22, 2021

Description

According to the CDC, 60% of Californians are now fully vaccinated. So that’s a big factor in shoppers returning to stores. Costar recently released a report recapping retail activity in the third quarter of this year. Total retail sales, excluding eCommerce, are now 15% higher than pre-pandemic levels. Logically, the strongest shifts were in categories that were most affected by the pandemic, such as clothing, gasoline, and restaurants. According to Placer.ai, a company that measures foot traffic based on anonymous cell phone data, In June and July, foot traffic to fitness centers nationwide was down by only about 3% compared to 2019 data. In August, the gap increased to -4.8% because of increasing cases of Delta variant.


Categories:
Commercial Properties for Sale, Brokerage, Economics/Market Reports/Research, News, Technology / Proptech, Tenant Concepts
Property Types:
Multifamily, Retail, Mixed-Use: Multifamily / Retail
States:
CALIFORNIA
Regions:
Southern California, Inland Empire, Greater Los Angeles, Orange County, Riverside County, San Bernardino County, Los Angeles County
Cities:
Los Angeles, Riverside, Ontario, Moreno Valley, San Bernardino, Orange


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