The article attached below from Chain Store Age is titled, “Retail Driving Construction Growth” and gives a positive picture on construction driven by the retail segment, retail vacancies, and hot growth markets for retail business. In the first quarter of 2016, retail construction has increased 24.4% vs. last year and retail vacancy is down as retailers capitalize on consumers’ demand for unified shopping experience across all channels.
Key markets for retail construction growth include Dallas (up 80% in Q1 vs. year ago), Nashville, and San Francisco.
Following ITR Economics’ (A.R.E. / POPAI’s economic advisors) forecast for slow but positive growth throughout 2016, producers supplying retail construction and re-design services can feel confident that they are operating in a positive economy for the near future.
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