Colliers Report: Service-focused shops succeed
September 1, 2021
Commercial Real Estate Research & Forecast Report
Q2 2021 Greenville-Spartanburg Retail
Market Highlights
During the second quarter of 2021, most retail activity was concentrated in service-oriented establishments like day spas, waxing centers, insurance companies and salons. Quick service cookie or dessert shops like Insomnia and Crumbl and specialty coffee shops also absorbed significant amounts of space. Experiential retail like bowling, axe throwing and billiards also continued to expand across all markets.
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Key Takeaways
- Most retail activity was concentrated in service-oriented establishments
- A trend new to South Carolina is ghost kitchen delivery services
New trend
A trend new to South Carolina is ghost kitchen delivery service available through businesses such as Reef Technologies and Go Puff. Ghost kitchens are commercial kitchens that solely prepare delivery orders. They are called “ghost” kitchens because customers are unable to enter to order or sit down to eat there. According to Reef Technologies, ghost kitchens can be repurposed warehouses, retail stores or even shipping containers.
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