By Eric Jay Toll for Arizona Builder’s Exchange
National Real Estate Investor is out with a top 10 slide show of rapidly expanding retailers across the country. Three of the top five are dollar stores. Dollar General takes the top spot on the list with Family Dollar in second position. Dollar Tree ranked fifth behind 7-Eleven and CVS.
The report, from RBC Capital Markets, says that retail openings are elevated over the next 12 and 24 months. RBC says that retailers plan to open more than 82K new stores over the next two years—43K of which will open in the next 12 months.
Subway, Dollar General, Five Guys, and Family Dollar each plan to open more than 1,000 stores in the next 24 months. New construction in both regional mall and shopping center sectors, RBC says, remains well below historic levels. The research firm says that mall redevelopment helped increase construction dollars spent on malls to a higher share of non-residential construction dollars.
Original source: National Real Estate Investor