Friday, May 10, 2019

The real estate glut calls for caution

Supermarket News
The so-called “retail apocalypse” is providing a glut of available real estate for new supermarket locations. At the same time, many shopping center developers and managers still view grocery stores as a safe harbor in the midst of change and instability (together with co-working spaces, “experiences,” health clubs and restaurants).

However, many developers have limited understanding of the competitive saturation affecting the supermarket industry, nor of the subtler trends taking place within the industry — for example, the declining store sizes that are being driven by the decline of the center store.. . . more