In-store technology has been a key driver for leading store brands to expand with the 30 largest grocers in the US having opened more than 500 new stores since 2020, totaling almost 26.3 million sq. ft.
Early estimates for 2024 from retail analytics firm RetailStat anticipate at least 80 new store openings totaling 4.3 million square feet.
"The growth in store footprints is occurring at a time of markedly increased funding for grocery-focused tech companies relative to pre-pandemic levels," according to a report from CBRE.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.