- Current Retail Landscape Remains Strong
- Core retail sales are up 6.5% from last year; online sales grew 29.6% Y-O-Y and make up 19.4% of core retail sales
- While online sales have made up most of the gains, store-based sales have also increased 2.3% Y-O-Y
- Gains for store-based retailers are mostly concentrated in home repair, groceries, and necessity-based retailers
- Holiday Sales Could Provide Boost to Real Estate
- Holiday retail sales could have a significant impact since consumption drives about 2/3 of the U.S. economy
- Current forecasts for sales growth vary greatly, from 1% to 5% growth over last year’s holiday sales
- Any growth in sales will help sustain the economy until a medical solution unlocks a wave of spending
- Holiday Season Expected to Drive Retail Sales
- Holiday sales could reinvigorate underperforming Retail sectors, such as apparel and entertainment
- Consumption may increase Self-Storage and Industrial demand; seasonal hiring would support Apartments
Limon Net Lease Group