Instant Insights / Retail Rising

Grocery-Anchored Retail is Stronger Than Ever

Projections that grocery e-commerce sales will double by 2025 haven’t slowed the pace of acquisitions of open-air retail properties.

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The growth of grocery e-commerce sales, which surged from a pre-pandemic total of $66.5B to $122.4B in 2021, will continue to expand exponentially to more than $240B by the end of 2025, JLL’s latest Grocery Tracker report predicts.

But the rapid expansion of e-commerce, which has taken the wind out of indoor mall property values, is not expected to diminish the demand for grocery-anchored, open-air shopping centers.

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