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.