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5 Smaller Markets on the Rise
From The Buxton Co
We’ve been talking a lot recently about retailers’ quest for urbanization. But with urban retail comes a hefty price tag.
Some locations are so expensive in fact that retailers and restaurants are given no other choice but to leave them for less expensive places.
Crate and Barrel, for example, is closing its flagship location on Madison Ave. in Manhattan, 5 years before its lease even expires.
While brands certainly want footfalls and eyeballs, there are markets that are less expensive but still provide the desired return on investment.
Given that, it’s helpful to look at the markets that are experiencing the greatest year-over-year growth in investment sales volumes.
While the usual suspects like Manhattan, Los Angeles, and San Francisco saw the highest investment sales volume in the retail real estate sector during the first half of this year, the markets with the greatest growth in sales volume were actually smaller cities, some of which may not immediately come to mind when thinking about the hotbeds of commercial real estate activity.
Here are the 5 smaller markets that are becoming increasingly popular with investors:
Whether you’re looking to expand your presence in urban markets, rural markets or something in between, you need to pick the best markets and select the best site locations within those markets for your individual brand. Don’t fall into the trap of assuming you need to have a location in a particular market.
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