Search
 

What Will Happen To Suburban Retail?

Flexibility has led to fluidity among workers and real time migration to cities with job growth and areas which are job centers, says one source in this EXCLUSIVE article.

Eli Randel, director of business development at CREXi. Eli Randel, director of business development at CREXi.

“Approximately 95% or more of the country remain stuck in recession like conditions. While the collective GDP numbers indicate otherwise, and according to a recent poll only 21% of economists predict a recession in 2016, the distribution of wealth and growth remains disproportionate to the top percentile of earners while the majority of Americans have endured stagnant income growth for the last fifteen years and watched major living costs significantly increase.” Those thoughts are according to Eli Randel, director of business development at CREXi, who recently chatted with GlobeSt.com about his thoughts on all things retail. As GlobeSt.com previously reported, Randel heads the new CREXi Miami office for the firm.

“The result is dwindling disposable income, diluted buying power, and less money circulating as the top earners tend to spend approximately 5% of every marginal dollar while the rest spend about 90-110% of every marginal dollar. Low-end concepts like QSRs, discount retailers and drug stores will continue to prosper amidst stale economic conditions and impoverished tertiary markets,” he tells GlobSt.com.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Natalie Dolce

Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.

More from this author

Recommended Stories

Where Will Net Lease Go In 2024?

Where Will Net Lease Go In 2024?

Brian A. Lee |

Nobody has a perfect crystal ball’ on CRE investment performance in the coming year, but the net lease sector maintains several advantages, including the sale-leaseback.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.