MINNEAPOLIS—Locally-based Northmarq recently unveiled its 100 Tenant Expansion Report, focusing on shopping centers and the expansion plans of retailers, restaurants and medical companies. In our conversation with Lanie Beck, she provided valuable insights from the report, discussing essential topics such as real disposable incomes, consumer habits and the state of the retail sector.
Beck notes, "Real disposable incomes, which drive consumer spending, have experienced a decline in recent months. Despite this, consumers are maintaining their spending habits, increasingly relying on credit cards and savings accounts for their purchases. However, it's crucial to mention that we've observed a stagnation in real (inflation-adjusted) retail sales."
As per Northmarq's September economic analysis, year-over-year real retail sales have remained flat or even dipped negatively in eight out of the last nine months. Nevertheless, retailers are continuing to announce expansion plans across various sectors, showcasing long-term confidence in both consumer spending patterns and the broader economy.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, 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.
