Whether it is the sales inside stores or the selling or leasing of retail buildings, 2021 was a good year for retail.
In 2020 at the beginning of the Covid-19 pandemic, the retail industry took a major hit with many businesses deemed non-essential and forced to shut down. And at the same time, fewer consumers were going out and actually shopping in person. Retail sales took a hit and so did interest in buying new retail properties and stores and restaurants sought concessions from landlords when they couldn’t pay rent.
For the full story, go to the Phoenix Business Journal.
© 2022 American City Business Journals. All rights reserved.