Colliers Report: Service-focused shops succeed
September 10, 2021
Commercial Real Estate Research & Forecast Report
Q2 2021 Columbia Retail
Market Highlights
During the second quarter of 2021, most retail activity was concentrated in service-oriented establishments like day spas, waxing centers, restaurants, and salons. Quick service cookie or dessert shops like Insomnia, Crumbl and specialty coffee shops absorbed significant amounts of space. Medical, dental, and vision centers also continue to be prevalent.
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Key Takeaways
- Most retail activity was concentrated in service-oriented establishments
- Shoppers return to in-store shopping
- Fast food and gas stations with convenience stores are aggressively expanding
Emerging Trends
Quick service food retailers like Popeyes, Bojangles, and Freddies Burgers are rapidly expanding into new areas with no signs of slowing. In addition, convenience stores like 7-Eleven, Murphy Express, and Quick Trip are also expanding throughout South Carolina. These new locations are differentiating themselves by offering more products and services, to-go options, and sit-down dining.
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